25 August 2017 | Internet

VIABILITY: the hour arrived from the joint

An international agenda with dates limit that forces more strategically to work - ODS and G20. A country that it looks for to be inserted in the international markets and, consequently, to try to fulfill the same standards that the world looks. And a local context that forces to be more efficient in the search of resources.
With this diagnosis and something of political decision, the public sector and the prevailed one begin to take the first steps in a relation that would have to walk with gears good oilings. At the moment, the common goal is to be able to synchronize volume agendas to the Objectives of Desarrollo Sostenible (ODS) determined to 2015 as the successors of the ODM and to the Objectives of Government. In January of 2016, the Government initiated the process of adaptation of the ODS - he divides in stages to the national reality under the leadership of the National Council of Coordination of Social Policies and with the participation of the 20 ministries.

As a result of the second stage, the one of prioritization of the objectives, that already is in its stage of conclusion - according to Gabriela Agosto account, secretary Ejecutiva of the Council of the National Congress of Coordination of Social Policies to OPENING obtained the adaptation of 90 I put to the national reality and the selection of 222 indicators of tie pursuit with its goals. Of these, more of the 76 percent they are of level one.

Exactly, the month last, during the Political Forum of High level over Sustainable Development that was realised in New York, Argentina, next to other countries, presented its National Voluntary Report, a revision of advances, challenges and learned lessons of the work year and a half. There, August advanced that with regard to the surrender of accounts the public diffusion of the advances is planned, the statistical information and the breakdown at federal level through a webpage that will be operative in the second semester of 2017. In this report, a point marks the situation state: €˜Joint with other sub-national powers, Governments, private sector, civil society, academy. Although partial advances were registered, the challenge persists to generate scopes of participation to foment alliances after better policies and results for the development €˜. A phrase that illustrates this challenge is the one that Cristina Calvo shelp, director of Human Development of the Ministry of Property of the Nation, in the first public dialogue deprived by the ODS organized by the Network of Global Pact: €˜With governments who maintain closed positions, a private sector focused in the profit and a civil society that wants to stay €œpure€, to say it is easier that to do it €˜.

For August, the challenges that it has ahead are to improve the indicators with which to monitor - in some cases, are not counted on base data, to sharpen the budgets with center in the priorities and to strengthen the regional glance and the integration of all the actors, who do not only imply to involve other sectors but also the other powers of the State, as the Legislative one, key so that some changes happen. In fact, in February of this year, the House of Representatives of the Nation created the Parliamentary Observatory Agenda 2030 for the Sustainable Development of the United Nations to promote the adaptation and implementation of Agenda 2030.

The gears of the joint

Another finding was the alliances that the organizations make to fulfill the objectives: 34 percent of the companies work with organizations of the civil society. €˜We thought that the alliances with the public sector had a smaller percentage of the cake due to the particular relation that existed between the company and the previous management €˜, sincere. The level of alliances between the companies to each other is of the 21 percent. Like the referring ones of the public sector, Bigorito thinks that in the private sector which is to improve they are the indicators of results, not of management.

€˜One of the subjects that bring the agenda of the ODS has to do with incorporation of the private sector not only to have a shared glance of problematic and its possible solutions, but from the funding. That is to say, how we are going to do so that these objectives are reached in terms of resources. And it is where the private sector has a phenomenal roll €˜, it notices Constanza Gorleri, manager of Viability of Galicia Bank.
To which Karina Stocovaz, manager of Latam Viability & the International of Nature, sum: €˜There are more communication channels with the Government. Sometimes he is not so simple that the things take shape. There are many open fronts. The time is necessary to take itself to make decisions €˜.

By the end of November of 2016, the Multilateral Bottom of Investments (Fomin) administered by the I.A.D.B. decided to put a card to Argentina, among others countries, and next to Acrux Partners, a consultant of investment of impact with center in the development of the investments in Latin America, it opened a call for administrators of financial resources to invest in companies that apply innovating models to solve problematic social and environmental.
Six months later, NXTP Lab, the bottom of technology founded six years ago by the Argentineans Gonzalo Costa, Ariel Arrieta, Marta Cruz and Francisco Coronel, but that has offices in Chile, Uruguay, Mexico and Brazil, he was the chosen one to administer to US$ 5 million a capitalization that delay arrives at the US$ 120 million to turn over in Latin America.
€œIt is a context of crisis but also of opportunity to think the country differently€, thinks Mar­a Laura Tinelli, the Argentinean who in London founded Acrux Partners. For the expert, the financial sector is the one that it defines towards where a country goes and €˜it is the opportunity to position itself facing the world as a player who is moving cards in this sense, in the direction at which is going the planet €˜.
With this glance, Tinelli was one of the precursors of the creation of a Work group of Investment of Impact in Argentina, a model taken from the United Kingdom and that at local level integrates the I.A.D.B., companies as MercadoLibre, Nature and Galicia Bank, Roman Foundation, organizations as the Avina Foundation, Vistage and the Buenosairean government, among others social actors.

But, to what impact investment is called? According to the Global Impact Investment Network, the investments of this type are taken to end in companies, organizations and bottoms with the intention to generate social, environmental impact and financial return. €˜One is to use the power of the markets to harness the capacity that owns the private sector to generate social impact and environmental positive €˜, Tinelli defines.
In Latin America, the subject of funding is not easy. The investing base in Argentina is reconstructing, assures Susana Garc­a Robles, main official of investments in charge of the Group of Funding in Early Stages of the Fomin. For the expert, the entrepreneurs of Latin America are very innovating but they also have much of frustration by the deficiencies in the region in subjects of health, education and water. Nevertheless, those frustrations take them, somehow, to innovate in projects of impact but from a perspective of business.

€œNo longer the investment of impact as of niche is due to consider€, concludes Garcia Robles. According to data of the I.A.D.B., Latin America it is the third destiny of importance in the world for this type of investments, with a 19 percent of the total of the impact market. €˜In the region, generally, and in other emergent countries, the level of return for an impact investment goes between the 8 and 11 percent €˜, indicates the founder of Acrux.

According to the report Investment of Impact in Argentina 2017, the released Argentine investors who would be prepared to disburse in companies already developed (pre Series A) with impact indicated that the waited for return of these investments was of an average of 22 percent. The referring ones of the subject today even think that in a matter of years - one is more optimistic than others will not exist the difference between traditional investment or of impact: it will only be investment. Write down with 10, you cheer up Gonzalo Costa to me, NXTP Lab, when it is asked to him on the subject. In the world the subject is growing and occupying, little by little, a place mainstream in the businesses. To the pure bottoms of impact to them they are added others. Thus, in the middle of 2015, Goldman Sachs, one of the most important actors of the traditional investment, bought, for its scale, a small bottom -17 employees and US$ 550 million in assets to under management-, of impact of San Francisco, Capital Imprint. , Although nevertheless small so it moves his buyer, Imprint handles the money of 40 clients, among them the US$ 8000 million of the W.K. Kellogg Foundation and the US$ 2000 million McKnight Foundation.

Source: VIABILITY is a summary of the note €œ: the hour arrived from the joint€ by Juliana Monferr¡n

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