The Co-construction of Solidarity Finance in Quebec: a Systemic Approach
Brief Reliess n°6
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What distinguishes the Quebec experience in financing the social economy is that the suppliers and users of capital have collaborated to design financial instruments, to expand the demand for the products and services of the social economy and to advise the government about supportive policy, programs, and legislation. Instead of making isolated adjustments to the mainstream economy for the good of social enterprise, in Quebec actors from the private sector, government, and civil society are co-constructing an arena of economic exchange in which the public good is pre-eminent - the social economy.
Multi-stakeholder institutional spaces are vital to identify the financial/capital needs of social economy enterprises, develop financial instruments to meet these needs, and design financing opportunities in which many different types of investor can collaborate.
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