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.

Moving forward on aging and financial inclusion

By Guest

By Allyse McGrath, Senior Associate, Center for Financial Inclusion at Accion

Developing countries are aging at a rapid rate, and Latin American countries are a particularly strong example of this trend. In Peru, for example, the ratio of people over the age of 65 will jump from 1 in 10 to 1 in 4 by 2050. This demographic shift represents both a great challenge and a great opportunity, particularly in the field of financial services. 

The Sharing Economy in Latin America: New business models for urban growth

By Guest

Roughly 54% of the world’s population resides in cities. By 2050, an additional 2.5 billion people will join this vast urban population. This trend is especially apparent in Latin America, which is already the second most urban region in the world. Latin America’s urban population is growing at a rate of 1.5% per year and is projected to account for nearly 90% of the region’s population in the coming decades.

Living for the sea: Restoring coral reefs on the Dominican coast

By Guest

By Sheilly Núñez. 

The turquoise waters and white sand beaches of the Caribbean attract tourists the world over. And for good reason. The region is without a doubt one of the most beautiful places in the world. Beneath the surface of all that natural beauty, however, is a rich and hugely varied ecosystem that a new generation is working to keep vibrant and intact. For the Dominican Republic, the sea is one of its main attractions. The reefs also represent an important source of income for coastal communities. Fausto Guerrero, a 29-year-old resident of Punta Cana who used to rely solely on fishing for his livelihood, is now working to preserve the coral reefs that are so crucial to sustaining marine life and biodiversity in Dominican waters.

How to provide savings products to remittance clients: A new guide

By Guest

By Elisabeth Burgess, author of Inclusive Savings for Remittance Clients: A Practical Framework 

En español

Last month, a manager at a Latin American microfinance institution told me he’d been tasked with revamping the company’s strategy to promote savings products among its low-income clients, while simultaneously overseeing its growing international remittances business. As he brought together the two business units under his leadership, he wondered: Could migrants and their families be a good target market for savings products?