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.

The sharing economy can transform economic development

By Brigit Helms

Wall Street Daily estimated that in 2015, the sharing economy created 60,000 jobs in the United States and attracted a total of $15 billion in financing. Time magazine ranked it among the 10 ideas that will change the world, while PwC estimates that just five sectors of the collaborative economy could generate $335 billion in revenue for 2025. So if the sharing economy is here to stay, how it can affect the development of emerging economies?

Mexico Financial Diaries shatters three misconceptions you may have had about migrant remittances

By Rebecca Rouse

By: Caitlin Sanford and Rebecca Rouse 

Mexican families incorporated more than $24.8 billion in international remittances into their household financial portfolios last year. But how much do we know about the way that this money is spent, saved, and invested over time? The Remittances and Savings Program of the Multilateral Investment Fund partnered with Bankable Frontier Associates (BFA) to examine the cash flows of 16 households in the Mexico Financial Diaries that received international remittances. The findings of this study, available for download here, help dispel three common misconceptions that many may have about migrant remittances:

Taking psychometrics a step further

By Winsome Leslie

Do the belief, attitudes, and personality of business owners or managers matter in determining the probability of business success and the creditworthiness of the enterprise? And if so, could this “psychological capital” be leveraged as a predictive tool not only for credit appraisal decisions, but also to provide broader support to small businesses? Pioneering work done in Jamaica suggests that it could. 

¿Cómo podemos promover la innovación en América Latina y el Caribe?

By Guest

Por Juan Carlos Navarro,  Líder Técnico Principal de Ciencia y Tecnología en la División de Competitividad e Innovación del BID

En el prólogo de la publicación más reciente de la División de Innovación y Competitividad del BID, The New Imperative of Innovation, Josh Lerner y Andrew Speen dicen que “Fomentar la innovación es una tarea desalentadora”. Es difícil estar en desacuerdo. La complejidad propia de los sistemas de innovación obliga a actuar sobre un buen número de elementos de forma simultánea – como la investigación, gestión de tecnología, legislación sobre derechos de propiedad intelectual, cultura empresarial, instrumentos financieros, y todavía muchos más – , lo que solo difícilmente consigue cristalizar en buenos resultados en contados casos.

Ensuring water access in the face of climate change

By Yuri Soares

Actors across a watershed often have very different needs, with upstream landowners trying to exploit natural resources, such as forests and grasslands, without necessarily taking into account how their actions might impact downstream water users.