9 November 2017 | Internet

Investment of impact, prescribes economic against the social problems in Argentina

Responsible investments that look for a positive impact for the society and the environment, in addition to a financial return, are the economic prescription that will implement the Government of Buenos Aires to try to palliate the problem of youthful unemployment in the south of the city.

With this formula the market of impact investment works that, among others financial products as investment funds, also includes the Bonds of Social Impact (TWICE) which they tie to the private sector with the public power.

Through them financing is obtained to develop a program that solves a concrete problem and, based on the achieved objectives, the private sector receives a financial return provided by the public power.

This is the option that chose the government of Buenos Aires under the name €œBond of Social Impact€, with the purpose of to solve the situation of youthful unemployment that affects to people among 17 and 24 years of the south of the city.

€œIt is a tool with which we can look for alternative solutions traditional problems and, as Government, we do not have to make the initial payment necessarily€, it explained to Efe Adolfo D­az Valdez, director of Strategic Planning of the Buenosairean Executive.

Although still they are defining the criteria and the objectives of the program, Diaz hopes to collect about 30 million dollars to help to 3,000 Argentine young people in the first trimester of the 2018.

Until now, there are 15 TWICE in course in Latin America, according to a report elaborated by the consultant Acrux Partner.

The region constitutes the fourth destiny of investments in the world and represents 9% of the market of impact investment, that world-wide generates 114,000 million dollars of assets.

Brazil, Mexico, Colombia and Peru are the adressees of most of this investment, whereas Paraguay, Argentina, Chile and Uruguay are taking the first steps to harness this market.

Against this background, Argentina appears between the most left behind, with a market of small impact but in growth, according to concluded the investigation.

€œWe are home to be part of that international conversation in which it does in impact investment and how we can attract part of that capital the opportunities that at the present time exist in our countries€, it assured to Efe the director Acrux Partner, Mar­a Laura Tinelli.

With this objective, the Group of Investment of Impact in Argentina (GdTA), Paraguay and Uruguay arose in 2016, that involves actors of the financial, corporative sector, organizations of the civil society, academy and companies of triple impact.

The Organization Roman, a platform of management of familiar patrimony, and companies as Free trade and Galicia Bank, among others, €œbegin to change to their model of business and its way to produce search, not only the return by the business, but a sustainable approach€, assured Tinelli.

The economic crisis that started in 2008 served as catalyst so that different actors nail considered how to create a new more sustainable economic and financial model.

€œThere has been a shift of paradigm in the form to make businesses because the traditional economy has not known to solve the challenges that the present world raises€, it affirmed to Efe Fernando Chuit, director of investment of impact of the Pegasus Group, one of the recognized bottoms of private capital more in Argentina.

Pegasus presented at the home of year its investment fund of impact by 30 million dollars oriented to the real estate development for the middle-class emergent or tie projects to the renewable health, recycling or energies.

€œI imagine a world in 2050 in which all the investments are of impact€, Chuit recognized.

The bottom of enterprising capital of NXTPlabs technology was selected this year by the Multilateral Bottom of Inversiones (FOMIN) as administrator of the first investment fund of impact for Argentina, Paraguay and Uruguay by 120 million dollars.

The paper of the companies €œis fundamental€, since they have €œinterest€ in investing under the magnifying glass of the triple social impact and need €œto generate businesses with return to obtain positive impacts€, the director of Viability of Free trade explained to Efe, Guadalupe Marin.

The Argentine company leader in electronic commerce acts as €œrevitalising of the enterprising ecosystem€ within the GdTA with the purpose of €œhome to take a roll a little more assets from the investing part€, emphasized Marin.

Although Marin recognized that €œthere is a long way to cross€, concluded that there the new economies go €œ, something that no longer has return back€.

Source: EFE gets hold of

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