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June 07, 2006
IDB Initiative to Reach those at the Base of the Economic Pyramid
Max Oliva, Associate Director of IE's Social Impact Management
The Inter-American Development Bank has an initiative called Building Opportunity for the Majority which focuses on the Bottom of the Pyramid, seeing the people who live in this region as what they really are —consumers, producers, partners, creators of wealth.
”In recent years, countries throughout the region have made significant advances in nurturing democracy, macro-economic stability, and legal and regulatory reform. Yet some 360 million people –70 percent of the region's population-- live on less than $300 a month, measured in purchasing power parity dollars. The benefits of growth need to reach the majority if the region is to progress on a stable and sustainable path.”
With Building Opportunity for the Majority, the IDB will make this challenge a focal point for its financing, and a new organizing principle for many of its activities. A Technology Fair, as well as an interactive tool which helps you Map the Majority and which explores the degrees of inclusion and the living conditions of different segments of the population are also part of their initiative.
They conference (June 11-13, 2006) will discuss reforms, partnerships and practices that are already addressing the BOP issue and transforming the region. Some speakers include Nicholas Negroponte, Carlos Slim, Bill Clinton and Hector Ureta. Hernando de Soto, from Liberty and Democracy Institute in Peru and who is taking part on the 1st European-Iberoamerican congress on Corporate Responsibility (June 26-27, 2006) will also be there.
Posted on 7 June 2006 in Corporate Responsibility
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