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.

Is bringing financial inclusion to your doorstep the solution?

By Andrea Reyes Hurtado

The recent publication of the memoires from the savings colloquium organized by the ProSavings Program in November 2014 led me to reflect on several issues. For instance, even though inclusive savings experiences have been implemented in several different parts of the region, we find that people who live in remote locations continue to face prohibitive costs in traveling to points of service to make deposits and thus achieve their savings goals. While the ProSavings Program has contributed toward motivating conditional transfer beneficiaries to save in a formal way - something this segment rarely did before- I wonder: what is the solution for those people who still find formal savings extremely costly?

Why Regional Economic Development matters and the MIF’s approach

By Natalia Laguyas

Despite gains in poverty reduction and a growing middle class, Latin American and Caribbean countries continue to see disparities in income, poverty, and access to basic services between their various states or provinces. To address these differences, governments are reexamining existing policies and developing new approaches for productive development with a focus on comparative advantages and public-private collaboration at the regional level.

What good is capital without customers? Financial inclusion is necessary for healthy societies

By Tomas Miller

The financial inclusion strategies that several countries in Latin America and the Caribbean are adopting and incorporating into their national development policies aim at increasing access to and use of financial services for segments of the population that have been excluded or underserved by financial systems. These policies assume that achieving a higher level of financial inclusion is a necessary condition for increasing the social inclusion of these excluded people. What good is having a solvent and liquid financial system if it serves only businesses and powerful families? What good is capital without customers? 

Eligiendo ganadores en el mercado de remesas

By Guest

Las remesas son un negocio grande. Este año los clientes de remesas enviarán a través de canales formales unos $458 mil millones hacia países en desarrollo. El ingreso proveniente de las remesas para estos países en desarrollo es tres veces mayor que el presupuesto de ayuda mundial. Excluyendo a China, los flujos de remesas incluso sobrepasan la inversión extranjera directa. Sin embargo, los servicios de remesas no son conocidos por su capacidad de brindar una gran experiencia al cliente. He aquí el por qué.

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.