Philanthropist, innovator, and social investment pioneer. It is hard to imagine anybody more qualified to talk about how financial markets can enlist capital to achieve development goals than Sir Ronald Cohen, a driving force behind the invention of the social impact bond and the current president of the UK-based Global Steering Group for Impact Investment. Sir Ronald’s … [Read more...] about Unlocking the Power of Results-Based Financing to Tackle Development Challenges
As countries begin their trip to Dubai for the UN climate summit beginning Nov 30, it is clear that fulfilling the promise they made in Paris seven years ago to limit temperature rises to well below 2 degrees Celsius is looking increasingly unattainable. The UN Intergovernmental Panel on Climate Change's (IPCC’s) sixth assessment, revealed that even if the countries of the … [Read more...] about Impact investing and thematic bonds for climate change action
Over the last three decades, Chile has stood out by achieving the highest income per capita in Latin America and the Caribbean, in addition to the highest ranking on the Human Development Index in line with average levels of OECD member countries. Chile has also led progress related to the Sustainable Development Goals, ranking 30th worldwide. Despite these advances, Chile … [Read more...] about Where Are the Opportunities for Chile to Resume a Growth Path?
For nearly two decades between 1990 and 2018, women in Latin America and the Caribbean made substantial progress in reducing the large gender gap in the labor market. As female employment levels surged, and unemployment rates fell, labor force participation rates among women rose a full 25% and wage differentials dropped. To be sure, this progress … [Read more...] about Labor Market Gender Gaps in the Time of COVID in Latin America and the Caribbean
Accessing credit is often a challenge for small and medium businesses. Lack of credit is an even greater problem for rural producers in developing countries, where it represents a critical roadblock to growth and economic opportunities. In a new study, we look at the effects of increasing access to credit through a loan program for small and medium-sized agricultural … [Read more...] about Liquidity or Capital? How Access to Credit Helps Rural Producers in Mexico