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How Haiti is becoming a leader in the quality clothing industry
By Rahul Desai, Principal Specialist, Operations Coordinator, Opportunities for the Majority at the IDB Three business leaders did what others might think is too risky and counter-intuitive. Joey Adler, the CEO of Diesel Canada and founder of the OnexOne Foundation; Richard Coles, the owner of Multiwear, one of Haiti’s leading clothing manufacturers; and Rob Broggi, a former hedge fund executive, created a company to demonstrate that Haiti is a source of higher priced, high quality apparel. This shifts away from the prevailing paradigm as being only a low-cost producer of commodity garments. In 2013 they launched Industrial Revolution II, also known as IRII, a Haiti-based garment factory that while competitive, will still invest 50% of profits into its workers and their families.
Data gaps and women entrepreneurs: why they matter
* By Nancy Lee, General Manager, Multilateral Investment Fund While moderating a panel at the annual summit of the Global Banking Alliance for Women on gaps in data about the women’s market, I briefed the audience of about 200 on the gender-related results of a 2013 survey by FELABAN, the Latin American bankers’ association. The survey posed two questions to regional bankers regarding use of data broken down by gender and how banks serve their women clients.
EYE Scream, You Scream, We All Scream for EYE Bonds!
Three firsts for the Education, Youth and Employment Bond program * By Michelle Viegas On September 23, 2014, a delivery of 16 pints of Ben & Jerry’s ice cream arrived to the Boston office of Breckinridge Capital Advisors. Observers may have assumed that it had been ordered for a celebration, perhaps for a company anniversary or an employee’s retirement or birthday. That day, however, similar deliveries were made to various companies throughout Boston, including Zipcar, Patagonia and Invested Development. Ben & Jerry’s was simply thanking them for their contributions as fellow certified B Corps – companies that meet rigorous standards of social and environmental performance, accountability, and transparency. As the certifying non-profit B Lab explains, “B Corp certification is to sustainable business what LEED certification is to green building.”
What do Peru and South Korea have in common?
* By Jorge Roldán, Chief of the IIC’s Technical Assistance and Strategic Partnerships Division, and Helga Flores, Principal IIC External Relations Advisor Since Peru and South Korea signed a free trade agreement in 2011, the Andean country has risen into fourth place among its competitors in the region that export to Korea. Today, the land of the Inca sells almost a third more to Korea than it did three years ago and is becoming increasingly important as the nerve center of exchange between Latin America and the Asian tiger.
ConnectAmericas Infrastructure Community
Boosting private, sustainable infrastructure investment in Latin America and the Caribbean * By Francisco Estrázulas Latin American and Caribbean governments are paving the way for increased private investment in infrastructure. The region is expected to invest at least US$1.5 trillion in infrastructure projects over the next decade, offering huge opportunities for investors and companies in the engineering and construction fields, as well as the myriad of other sectors involved in the infrastructure supply chains.
Impact Investing: Defining 2014’s #1 Development Buzzword
* By the IDB's Partnership Office Is impact investing just another development buzzword? A passing fad? We believe it is not, and that it is an innovative approach to development financing that is here to stay.