The World Economic Forum (WEF) has just launched an article that portrays the difficulty that Latin American countries have faced in addressing poverty reduction. The text is part of a series of articles being launched in preparation for the WEF event in Buenos Aires, which will show some of the economic and social trends that have been taking place with the countries of the region. The data are not very encouraging and point to an uncertain future. According to the article, a third of those who have ceased to live in poverty are in danger of returning to this condition, which represents around 30 million people. In addition, some 175 million people still live in poverty and 64% of young Latinos come from a poor and vulnerable home. It is clear that traditional means of combating poverty have not dealt with the issue alone and that much remains to be done.
The point of inflection of this trend has been the increase in the flow of investment of impact from private initiative. According to the GIIN report of 2016, there is a portfolio of $ 77 billion of assets under management that operate in this region. The investments are directed to organizations that seek to reduce inequality and bring a more harmonious living to our society. As mentioned in the article, MOV is one of the relevant agents acting in this field and faces a rather difficult challenge.
The problem is large and complex, but MOV believes it can contribute to improving the living conditions of people struggling to escape poverty. Impact Investment can be a powerful tool for Latin America to be able to distribute, in a fairer way, the wealth that has been generated here in recent years and improve the quality of life of its inhabitants.
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