Creating sustainable agribusiness for St Lucia

By FOMIN

The island of St. Lucia, located in the Windward island chain of the Caribbean, has traditionally depended heavily on bananas production as a driver of exports and GDP. However, the combination of loss of access to preferential EU markets and an accelerated impact of climate change, specifically increased temperatures and changes in rainfall patterns, has resulted in a significant decline in the island’s agricultural sector and fish catch, negatively impacting both livelihoods of rural populations and heightening exposure to food security issues. To enhance the productivity and sustainability of livelihoods in local agro production, particularly in the context of climate change, two parallel but inter-related changes are needed.

10 ways to organize for digital innovation in financial services

By FOMIN

Sonja E. Kelly, Center for Financial Inclusion at Accion & Sergio Navajas, Multilateral Investment Fund, Inter-American Development Bank

Financial institutions of all sizes around the world are joining the digital revolution. In our work and research at the Center for Financial Inclusion at Accion and the Inter-American Development Bank we have seen some best cases of institutions shifting toward digital as well as some failures. At the end of this month we’ll be discussing strategies to pursue digital innovation as part of the Foromic in Buenos Aires. (Join us for our session on Tuesday, October 31st at 11:15 am!) In the meantime, for institutions that want to start down the path of digital innovation, here are a few of our top strategy suggestions.

Four countries where spotting birds is protecting biodiversity and increasing incomes

By FOMIN

Nestled among towering volcanoes, Guatemala’s Lake Atitlan is often described as one of the world’s most beautiful lakes. Four of the Central American region’s seven biomes meet in the Atitlan region, making it a biodiversity hotspot and a natural “gas station” for migrating birds. But here, as elsewhere in the developing world, a lack of economic opportunities often drives local residents toward activities that devalue local ecosystems for biodiversity and for the people who rely on them for resources. 

Can supply chains gain competitive advantages by becoming more climate resilient?

By FOMIN

Blog by Maribel Hernandez, Senior Consultant at Acclimatise, and Svante Persson, Coordinator, PROADAPT/IDB

How can businesses, large and small, make their supply chains more climate resilient and simultaneously become more profitable? Almost any supply chain, but particularly those that are dependent on natural resources, will experience the impacts of a changing climate in all its parts. A recent study by Acclimatise for the IDB’s PROADAPT program, shows that assessing climate change risks and their effects helps businesses better understand their supply chains and strengthen their resilience, and in that process, give them a competitive advantage in the market.

Corporate venturing: How to survive and thrive in the 21st century

By FOMIN

Sixty-one. That is how many companies on the Fortune 500 list were able to hold their spots from 1955 to 2015.  A full 88% fell off during this 60-year period. What caused this corporate extinction?  Well, one way to think about this question is to look at those that held their place on this list.

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