Summits of the Americas Secretariat

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January 23, 2012

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Did you know...

...that the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) has been working with low-income populations in Latin America and the Caribbean to build economic opportunity and reduce poverty? The MIF works with partners in the private and public sectors, and civil society on national and regional projects that benefit the poor. The aim is to provide these populations with the tools to boost their incomes by providing access to financing, markets, basic services and skills training. In 2010, the MIF had a portfolio of 659 active projects with a value of $739 million which benefitted over 600,000 individuals and businesses in the region.

Stories of Change: Dominican Republic

A project funded by the MIF shows how offering a variety of financial services that are complementary to remittance transfers has changed the lives of low-income women in the Dominican Republic by helping them to develop their own businesses.

Paragraph 20, Fifth Summit of the Americas:

“We recognise that micro, small and medium-sized enterprises constitute a strategic force to generate new employment, improve the quality of life, and have a positive impact on development and economic growth while promoting equity and social inclusion… In this context, we call on international and regional financial institutions, as appropriate, to increase their efforts to promote our economies’ development and growth by increasing lending and significantly expanding access to credit by 2012.”

Sixth Summit of the Americas

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