The purpose of this Policy Analysis Exercise is to identify and create consensus around core issues for inclusion in a Principles of Ethical Investing document for the Council of Microfinance Equity Funds (CMEF). The authors have generated a set of recommended concepts for inclusion in the CMEF document. These represent a consolidation of input from CMEF members, Microfinance Institution (MFI) managers, MFI clients and industry associations. The authors also present recommendations related to the appropriate structure of the document, negotiation strategy, ratification process, continued stakeholder engagement, disclosure, and compliance.
This paper is a Policy Analysis Exercise by students at the John F. Kennedy School of Government, Harvard University. This research was supported, in part, by the Ash Center for Democratic Governance and Innovation at the Kennedy School.