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Private Sector Investment in LAC Meeting the MDG

Private Sector Investment in LAC Meeting the MDG. Audra Jones Inter-American Foundation FOCAL. September 13, 2005. Inter-American Foundation . Experimental and independent agency of USG funding self-help initiatives among low-income populations in LAC

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Private Sector Investment in LAC Meeting the MDG

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  1. Private Sector Investment in LAC Meeting the MDG Audra Jones Inter-American Foundation FOCAL. September 13, 2005

  2. Inter-American Foundation • Experimental and independent agency of USG funding self-help initiatives among low-income populations in LAC • Open call for proposals for local NGOs and base groups • Annual budget of USD18MM (congressionally appropriated) • Primary programs funded: • Business development/productive activities • Food production • Cultural Expression • Community Services • Eco-Development • Over USD 570MM • 4,500 grants to NGOs and base groups throughout LAC

  3. IAF in Partnerships with the Private Sector • 1991-2005: Partnership History • More than 75 co-funding agreements & tax-free contributions • USD 32MM leveraged from the private sector • National Companies • Arcor, S.A. (Argentina) - O Boticaio (Brazil) • ACP (Colombia) - PDVSA (Venezuela) • MNEs • Falconbridge (DR) - JP Morgan (Mexico) • Levis Strauss (Regional) - Conoco-Phillips (Venezuela) • Others: US and Local Chambers of Commerce Centers for Corporate Social Responsibility • www.iaf.gov (Corporate Outreach/Case Studies)

  4. Partnership Results • Grassroots Development Framework. Measure tangible and intangible results by project • FY2004 Results: • Private Sector resources mobilized USD 500,000 * • Results reported by men and women in LAC tied to private sector and IAF investment in grassroots development: • 51,000 report better living conditions • 5,700 report improved dietary conditions • 9,600 report access to medical attention • 3,900 report acquired and applied civic participation learning • 5,200 report acquired and applied environmental learning * Data does not include results from RedEAmerica

  5. RedEAmerica • In 2002 IAF established the Network of Corporation Foundations and Companies for Grassroots Development or RedEAmerica • Common vision “to make grassroots development the cornerstone for poverty reduction inLAC” targeting support from corporations and corporate foundations • As of 2005, more than 57 members in 12 countries: • USD 2MM/annually to fund grassroots development initiatives • Sharing best practices in grant making, monitoring and evaluation • Independent Secretariat • Proposed Global Fund to attract private investment for LAC • www.redeamerica.org

  6. IAF & Private Sector Support Enabling Environment for Entrepreneurship • Goal: IAF partners with the private sector to link business with low income entrepreneurs as part of their corporate supply chain -- through research & development, distribution, product development or supply of raw materials. • Desired result: Create a sustainable enabling environment for grassroots entrepreneurship to succeed in “globalization” • Private sector can play a lead role in shaping a more inclusive marketplace for grassroots entrepreneurs by transferring/fostering their access to: • Capital - Technology • Market access - Business networks • IAF Pilot Projects: • Daimler Chrysler, Brazil - Manpa, SA, Venezuela

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