the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

In “the land of lakes and volcanoes," many lack access to safe drinking water

By Svante Persson

When you first see Bilwi from the air before landing on its tiny grass airstrip, your first thought is that you will be landing in the middle of a vast swamp. There are very few buildings, scattered cattle, and almost no people. It definitely doesn’t look like an urban area. But Bilwi is the capital of Nicaragua’s North Atlantic Autonomous region on the Caribbean Coast (RAACN). The 60,000-strong population of the RAACN is predominantly indigenous and Afro-descendant, and despite its constitutional autonomy, the RAACN is extremely isolated, both geographically and politically, and up to 75% of its population lives in poverty or extreme poverty. 

A big step toward the first social impact bond in the developing world

By Zachary Levey

Over the last decade, Latin America and the Caribbean have seen unprecedented development gains. Over 60 million people escaped poverty and over 100 million people entered into the middle class. For the first time in the history of the region, there are more people in the middle class than in poverty.

Closing the information gap on social impact bonds

By Zachary Levey

Are Latin American governments interested in paying only for what works? Are there investors who want to link their financial returns to improved social outcomes? Can governments, private investors, and nonprofits work together to solve intractable social problems? These are some of the questions we asked ourselves at the Inter-American Development Bank’s Multilateral Investment Fund, before launching a regional program to support social impact bonds (SIBs) and results-based financing models in Latin America and the Caribbean.

SIBs and PPPs: Expanding cross-sector partnerships to solve social issues

By Guest

By Alexander Honjiyo 

Over the past year and a half, a financial mechanism called social impact bonds (SIBs) has garnered excitement throughout Latin America as an alternative way to fund social programs – from governments and private investors, non-profits and social entrepreneurs from Mexico to Brazil, Colombia to Chile.

While SIBs may be new, they are, in many ways, like Public-Private Partnerships (PPPs), familiar to governments around the world and in particular to governments in Latin America and the Caribbean.

Desde el Reino Unido a América Latina: Lecciones del primer bono de impacto social

By Zachary Levey

Cuando uno piensa en los bonos de impacto social, siempre hay que pensar en el primer caso. En el 2010, la consultoría Social Finance UK lanzó el primer bono de impacto social para ofrecerle a los prisioneros de la cárcel en Peterborough apoyo individual y global con el fin de reducir la tasa de reincidencia. Para alcanzar este objetivo, Social Finance UK cuenta con la asistencia de 17 fundaciones e inversiones de £5 millones. Los asuntos de seguridad pública son una prioridad para gobiernos, empresas, y la sociedad civil a lo largo de América Latina y el Caribe. Para entender mejor cómo podemos llevar las lecciones del caso de Peterborough a nuestra región, lea esta entrevista  con Marta García, parte integral del equipo de Social Finance UK.