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 turnaround: Helping CariCRIS find success

Por Yongdong Bao

CariCRIS is a rating agency founded in 2004 in Trinidad & Tobago to serve the Caribbean region. Its major shareholders include the MIF/IDB, the Caribbean Development Bank (CDB), CRISL, the Indian credit rating agency majority-owned by Standard and Poor’s, ,and some central banks in the region.  The MIF provided grant and investment financing to help launch the company. When I was entrusted to look after the project in early 2013, CariCRIS had been operating at a loss for its entire history because it did not have enough clients, and was running out of capital. 

Conectando pequeños productores con grandes mercados

Por Martha Lucía Muñoz

Con grandes expectativas y entusiasmo está arrancando el proyecto “Empresas de impacto: Apoyo a las cadenas de valor agrícolas en Colombia y el Salvador” cuyo objetivo consiste en mejorar los ingresos y la calidad de vida de pequeños productores agrícolas y pesqueros, a través de su integración a cadenas de abastecimientos locales.

Wakami: un modelo de producción responsable

Por Jessica Olivan Tellez

En el 2013, el FOMIN se asoció con la ONG guatemalteca Comunidades de la Tierra para mejorar las vidas de mujeres, sus familias y sus comunidades. Esta es la historia que escribí anteriormente acerca de cómo inició el sueño Wakami.  Recientemente, Wakami fue reconocido con el premio a la Innovación para la Sostenibilidad Stephan Schmidheiny, en la categoría de Producción Responsable, este premio reconoce a los emprendedores sociales y la forma en que pueden mostrar nuevos y más efectivos modelos de creación de valor. A la fecha, el impacto económico y social que genera este proyecto es muy importante, por lo que compartimos los avances más relevantes para crear prosperidad para mujeres en la Guatemala rural.

Are Japanese corporations lagging behind in inclusive business?

Por Masato Okumura

“Why are Japanese corporations behind in inclusive business? Honestly, I am not sure if the question is valid in the first place.”

This was a comment made by a panelist during a February workshop about inclusive business, held in Tokyo and co-organized by the MIF and Japan International Cooperation Agency (JICA). It was the first joint MIF-JICA event, and the venue was filled with 50 people from both the private and public sectors, reflecting a high level of interest by Japanese corporations in inclusive business in Latin America and the Caribbean. To our great surprise, during the workshop, many questions were raised by the participants. As you may know, this rarely happens in Japan, where many people still live with a “silence is golden” mindset. This active interaction was another indication of high and deep levels of interest from the participants. 

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