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PROMOTING SUSTAINABLE SOCIAL AND ECONOMIC DEVELOPMENT IN BRAZIL THROUGH INNOVATIVE MECHANISMS Jennifer Adams USAID/Brazil Mission Director Salvador, BA.

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Presentation on theme: "PROMOTING SUSTAINABLE SOCIAL AND ECONOMIC DEVELOPMENT IN BRAZIL THROUGH INNOVATIVE MECHANISMS Jennifer Adams USAID/Brazil Mission Director Salvador, BA."— Presentation transcript:

1 PROMOTING SUSTAINABLE SOCIAL AND ECONOMIC DEVELOPMENT IN BRAZIL THROUGH INNOVATIVE MECHANISMS Jennifer Adams USAID/Brazil Mission Director Salvador, BA April 2008

2 USAID – U.S. Agency for International Development Independent U.S.G. agency, created in 1961 Implements humanitarian assistance, and sustainable social and economic development programs partnership Works in partnership with NGOs, public and private sector global impact issues In Brazil, USAID addresses global impact issues in the areas of: Energy, Environment, Health, Youth Employment, Trafficking in Persons, Micro and Small Enterprises, and Corporate Social Responsibility strengthenrelation Brazil-U.S. innovative mechanisms Works to strengthen the strategic relation Brazil-U.S. by forging partnerships; sharing good practices; and developing sustainable and innovative mechanisms

3 Global Development Alliance - GDA strategic alliances Mechanism for creating strategic alliances Align interests Align public and private sectors interests with USAIDs strategic development objectives Combinesstrengths capabilitiesskillsresources Combines the strengths, capabilities, skills and resources from each partner to create sustainable solutions

4 Example of a GDA project in Latin America Entra 21 Entra 21 Entra 21 is a $ 25 million public-private alliance among USAID, the Inter- American Development Bank's Multilateral Investment Fund, the International Youth Foundation and several technology companies including Cisco Systems, Lucent Technologies and Microsoft. This alliance is co-financing 40 locally conceived and executed projects to train 12,000 youth, from 20 countries in Latin America, in skills related to information and communication technology.

5 Example of a GDA project in Brazil Responsible Sourcing Partnership Project Responsible Sourcing Partnership Project USAID partnered TransFair USA, Café Bom Dia, and Wal-Mart in a three-year, $1.9 million public-private agreement to promote sustainable economic growth in Brazil by supporting farmers producing Fair Trade and Organic Certified coffee and cooperatives with technical and trade-related training, and infrastructure investment.

6 Development Credit Authority – DCA Credit Guarantee Credit Guarantee mechanism How it works: access to local private capital Improves access to local private capital Risk is shared Risk is shared to encourage lending - cover up to 50% of a lenders risk in providing financing sustainable and profitable social economic activities Uses credit for the development of sustainable and profitable social economic activities Resources are maximized Resources are maximized - Resources can leverage up to 25 times the per-dollar-impact

7 Example of a DCA project in Peru USAID has set up loan portfolio guarantees with three financial institutions to improve access to credit for Perus smaller enterprises, especially those focused on alternative development. The guarantees are intended to diminish the risk financial institutions perceive in lending to agribusinesses and promote longer-term lending to microenterprises. In total, the three guarantees cover up to US$7 million, encouraging the financial institutions to lend in targeted geographic areas and to improve lending in rural areas - especially for the agro-industrial sector. Nearly 1,000 loans have already been made, supporting local microenterprises.

8 The Corporate Social Responsibility Initiative Launched by U.S. Ambassador Sobel in October 2006 PartnershipU.S. Mission in Brazil American Chamber of CommerceU.S. companies Partnership among U.S. Mission in Brazil (Embassy + USAID), the American Chamber of Commerce and 30 U.S. companies (group has expanded over 60 companies) Objectives: visibility -Improve visibility partnerships -Promote partnerships good practices -Share good practices

9 Mission Statement and Group Identity Strengthen public and private alliances to optimize and enhance US CSR investments in Brazil towards sustainably achieving the Millennium Development Goals.

10 Results partnerships Several partnerships established –U.S. Brazil Higher Education Partnership (Ford and Microsoft) –CSR Challenge Fund (Microsoft, Dow, Fedex and Accenture interested) –Responsible Sourcing (Wal-Mart/Sams Club and Café Bom Dia) –Education (IBM, Intel, Microsoft, and Sun Microsystems) –Youth Ambassadors Program

11 Results visibility Increased visibility identity Group identity (+Unidos roughly translated as more united) workshops –CSR workshops (Jeffrey Sachs and Ray Chambers) –Volunteer week –Volunteer week October 1-5, 2007 (Theme: environment) website –CSR website launched (www.embaixada-americana.org.br/csr- index.php)www.embaixada-americana.org.br/csr- index.php

12 Results Good practices 1st Social Partnership Workshop of the +Unidos - May 2008 CSR Report CSR Report – being prepared by GIFE private social investments U.S. companies -The study is collecting and analyzing information on the private social investments made in 2006 and 2007 by 48 U.S. companies that participate in the U.S. Embassy CSR Initiative -Objectives opportunitieschallenges -Systemize opportunities and challenges information -Exchange information and knowledge trends -Point out trends releasedAugust To be released on August 2008

13 CSR Report Preliminary findings CSR investmentsvast area U.S. CSR investments cover a vast area within the country (urban and rural areas) educationhealth environmentcommunity development Investments are concentrated in the areas of education, health, environment, and community development opportunitiesjointcooperationsimilar projects There are several opportunities for joint cooperation on similar projects – Cummins/Wal-Mart/Whirlpool are already cooperating as an outcome of the report Companieseffortssocial transformation boostedmultiplied Companies efforts to promote social transformation shall be boosted and multiplied after the release of the report

14 THANK YOU !


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