Featured: Gender Smart
Building a women-led, impact-first economy in Latin America (videos). Peru is a small country. Businesses rarely take interest in low-income customers. And investing with a “gender lens” has fallen out of fashion in some circles. And yet, more than 1,000 practitioners from two dozen countries – call them agentes de impacto – convened in Lima last week at Pro Mujer’s GLI Forum LatAm to forge partnerships and reassert the primacy of their project: building just, inclusive and regenerative local economies, with low-income communities and women at the center. “The need is still there. Few organizations are still working with this population,” said Pro Mujer’s Carmen Velasco. “We may need a century to end inequality, but Pro Mujer can accelerate this if we meet the needs of clients.”
Dealflow: Impact Bonds
IDB Invest raises $127 million for water and marine conservation in Latin America and the Caribbean. The Inter-American Development Bank's private-sector arm used its annual Sustainability Week in Barbados to announce new commitments for conservation and job creation. IDB Invest announced a Swiss franc-denominated impact bond on the SIX Swiss Exchange, raising 100 million francs ($127 million) for water management and marine conservation. IDB Invest also committed $30 million to Trinidad Tissues Limited, which is among the largest tissue manufacturers in the region, where many countries remain reliant on imports from China, the US and Turkiye.
Impact Voices: Affordable Housing
Kasa Delas models how to finance supportive housing in downtown São Paulo. Where and how people live matters just as much as how much housing is available. In São Paulo, many low-income households are pushed to the periphery of the city in search of affordable housing. Living at a city's edge often means long commutes to work and lower quality of life, especially for women. Kasa Delas, a partnership of building renovation specialist Citas and impact investment firm Ibirá Negócios Sociais, draws inspiration from workforce housing models in Denver and Atlanta, and the strategies of Jonathan Rose Companies in New York, Luciano Gurgel of Ibirá Negócios Sociais writes in a guest post. Gurgel explains how the project offers affordable rents as well as supportive services to help low-income, women-led households achieve stability and graduate into other housing.
Agents of Impact: Follow the Talent
Don’t miss these upcoming events in the region: