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.

First Steps in the Transformation of Chacarita Alta

By Ignacio Fernandez Admetlla

Right in the center of ​​Asuncion, Paraguay is the neighborhood of Chacarita Alta, an informal settlement formed more than 60 years ago as a result of migration to the city that occupied the northern flood zones of the Bay of Asuncion. Chacarita Alta is in a privileged location, located in the historical center of Asuncion, within walking distance of landmarks such as the Parliament, the Government Palace, the Cathedral, and the Asuncion Waterfront; additionally, it is not at risk of flooding. However, today Chacarita Alta is a neighborhood made up of dead-end streets and a complex web of passageways that impede both communication with the rest of the city and the socioeconomic development of the neighborhood.

The timing is right for impact investing in Latin America

By Elizabeth Boggs Davidsen

There is increasing momentum behind impact investing—the global movement of investors, development agencies, entrepreneurs, and philanthropists working to realize financial, social, and environmental gains.

Building connections between China and the Latin American and Caribbean region

By Yongdong Bao

For nearly five years, I have had the pleasure of serving as a senior consultant at the MIF. I came here after working for China’s central bank and for the Asian Development Bank in order to establish and nurture connections between my country and LAC—especially when it comes to exchanging experiences and information about microfinance and MSME development.

Remittance recipients in the Northern Triangle: New insights from the MIF

By Rebecca Rouse

Analysts often refer to El Salvador, Guatemala, and Honduras – together constituting the so-called Northern Triangle - as particularly illustrative examples of the importance of remittances for the countries of Latin America and the Caribbean (LAC). They rightly do so. For one, the three countries receive relatively large amounts of these international financial flows. In 2015 remittances to the Northern Triangle exceeded $14 billion, constituting approximately a fifth of the total migrant transfers received by all LAC countries and corresponding to 17%, 10% and 18% of the gross domestic products of El Salvador, Guatemala and Honduras, respectively.

Sharing Lessons on Financial Inclusion between China and Latin America and the Caribbean

By Tomas Miller

Recently, I and a few MIF colleagues had the pleasure of traveling to Beijing for an international forum on financial inclusion that we co-sponsored with the People’s Bank of China. This was the latest meeting in the very rewarding MIF-China relationship, which began in 2009 when China first became an IDB member and a MIF donor. We have had the opportunity to exchange experience and information many times over the years, such as when representatives from Chinese financial institutions have attended our annual Foromic conferences, and at two previous seminars we co-sponsored and co-organized in China. At this event, six experts from the Latin American and Caribbean region, including financial institution executives and representatives of bank superintendencies, also joined us to share their experience.