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.

Let's start up! 10 tips to become an entrepreneur.

By Carmen Mosquera

Entrepreneurship and startups are moving faster every day. But this doesn’t mean that you are too late. There are still lots of opportunities to develop new businesses, products, or services, or to create or discover new needs to be satisfied. Where to start? Here are 10 tips to keep in mind and get started. 

Savings groups, an example of financial inclusion

By Andrea Reyes Hurtado

Savings groups have been a useful tool for integrating rural populations into the financial sector. As I’ve shared in the past, the MIF has supported several savings group projects in different countries of the region - most recently in El Salvador, Guatemala, and Colombia - that incorporate income-generating activities and financial inclusion components. However, their connection to the formal banking sector still needs further exploration. 

Latin America: The next global breadbasket

By Guest

International experts flew into the inaugural AgroLAC 2025 meeting in Sao Paulo, Brazil, last month to promote new financial instruments that could connect with innovative solutions to expand and develop sustainable agricultural production across the region. The timing couldn’t be more significant: experts predict that global food production must increase by 60 percent to feed the 9 billion people who will inhabit our planet by 2050. And we need to accomplish this as farmers and producers worldwide confront the growing effects of climate change and increasing competition for land and water.

How can we make better use of remittances?

By Tomas Miller

By Tomas Miller and Maria Luisa Hayem 

Headlines about international remittances—money sent by migrants to their countries of origin—often focus on amounts. In 2014, for example, remittances received in Latin America and the Caribbean managed to surpass the record high set in 2008, reaching $65.4 billion. But beyond their amount, remittances are an important tool for financial inclusion in Latin America and the Caribbean. We at the Multilateral Investment Fund have been working on the issue of remittances for 13 years. In that time, we have seen significant progress on many fronts, including: reductions in the cost of sending payments; the use of technologies such as the Internet and mobile phones to facilitate sending and receiving; and more efficient distribution through the growing number of points of service for receiving remittances, such as agent banking.

How to scale up youth employment and entrepreneurship projects

By Mariel Sabra

Countless organizations across the region aim to help youth fulfill their potential and be better prepared for jobs and their lives ahead. At the MIF, we’ve seen and supported many innovative youth training projects, including approaches that use sports, arts, or even circus acts. However, many such pilot-scale youth employment and entrepreneurship projects remain small. How can we at the MIF help them expand their reach to wider populations? And what are the critical factors that lead to their success or failure on a larger scale?