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Ecuadorian Banks Must Adopt Official Electronic Currency – or Else
While companies worldwide are embracing the rise of decentralized cryptocurrency bitcoin, Ecuadorian officials have chosen to make local banks adopt a home-grown state digital currency — whether they like it or not.
- Categories
- Uncategorized
- Region
- Latin America
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Latin America development bank CAF eyes presence in Cuba
The Development Bank of Latin America (CAF) aims to be the first multilateral lender present in Cuba, its executive president said on Thursday, as the communist-run island seeks foreign investment amid a diplomatic opening to the United States.
- Categories
- Impact Assessment
- Region
- Latin America
- Tags
- lending
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Catholic Trust Looks to Brazilian Fund for Social Returns
A Brazilian investment fund is taking to heart theVatican’s endorsement of leveraging capitalism’s tools to help address inequality.
- Categories
- Impact Assessment
- Region
- Latin America
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New GSMA Report Finds That Latin America and the Caribbean Have Fastest Growth in Mobile Financial Services Globally
At the Mobile 360 Latin America event today, the GSMA issued the report, ‘Mobile Financial Services in Latin America and the Caribbean: state of play, commercial models and regulatory approaches’, which examines the current state of mobile financial services across Latin America and the Caribbean (LAC) region. The report outlines important advances in mobile money adoption in the region, showing that nearly two thirds of markets have at least one live mobile money service. Today, there are a total of 37 mobile money services, accounting for roughly 14.9 million registered mobile money accounts, in 19 countries1 in the region. This includes seven new services launched in Brazil, Colombia, the Dominican Republic, Ecuador, Panama and Peru since 2014.
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- Uncategorized
- Region
- Latin America
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How NGOs Can Help Unleash Cuban Remittances
Remittances to Latin America and the Caribbean set a new record high last year, at a total of $65.4 billion, the Inter-American Development Bank revealed Tuesday.
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- Uncategorized
- Region
- Latin America
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Colombia Water Works: Turning Trash Into Cisterns
For more than a decade, Cecilia Uribe has relied on a higher power to provide a basic utility: water. In her sprawling neighborhood on the outskirts of Colombia’s capital, municipal water only ran twice a month, she explained, “so I would just wait for my God to make it rain.”
- Categories
- Agriculture
- Region
- Latin America
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Harnessing Social Impact Investing in Latin America
For many, Latin America is associated with a laundry list of negatives: drugs, corruption, gang violence and transnational crime. However, our new reportHarnessing Social Impact Investing in Latin America, helps to dispel some of these myths. In fact, in the realm of social impact investing, it is on the forefront of rapidly-changing global trends.
- Categories
- Impact Assessment
- Region
- Latin America
- Tags
- impact investing
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Press Release: Acumen Launches to Tackle Poverty in Latin America
Acumen announced today its expansion to support social entrepreneurship in Latin America. The pioneer in impact investing will be headquartered in Bogotá and will invest in innovative entrepreneurs and enterprises in Colombia and Peru to drive faster, sustainable solutions to poverty and create new paths forward to tackle economic inequality. While extreme poverty in Latin America has declined by half, more than 80 million people still live on $4 a day and more than 200 million are at risk of being pulled back into poverty by economic instability and climate change.
- Categories
- Uncategorized
- Region
- Latin America
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