Impact Investing in Latin America Takes Off
WASHINGTON— The Aspen Network of Development Entrepreneurs (ANDE), in partnership with the Latin American Private Equity & Venture Capital Association (LAVCA) and LGT Impact Ventures, released a report today on the growing landscape of impact investing in Latin America.
Impact investing—investing with the intent to achieve both financial and social return—is a relatively nascent industry, and this report aims to fill the data gap. Latin America is a region with great promise yet plagued by social inequalities.
As the report points out, Latin American countries are approximately 30 percent more unequal than the world average, and changes are needed to improve education and healthcare and to create more formal employment opportunities. The region does boast an entrepreneurial culture—with an engaged millennial population interested in social progress—and affinity for startups.
Impact investing has grown quickly within the past five years and demonstrates that effective collaboration among entrepreneurs, financial markets and local governments can help solve social challenges and spark job creation.