The WBCSD partnership with SNV Netherlands Development Organization in Latin America has so far led to the establishment of eight supply chains creating 8,000 new jobs in Ecuador. This has in turn encouraged the government of Ecuador to make “inclusive business” part of the Ecuadorian public policy agenda with a target to create a quarter of a million new jobs and a commitment of some US$ 90 million in public funds to co-finance projects. In Honduras, a partnership between GE and a local company is investigating the creation of 40,000 new, low-cost homes. And there is more to come.
Overall, the WBCSD-SNV coalition has been so successful that it just signed a Memorandum of Understanding with the Inter-American Development Bank (IDB) to grow and spread our work. On signing the memo, IDB President Luis Alberto Moreno noted that the agreement could help improve the living conditions of the more than 300 million people in the region (over 70% of the population) that are trapped in poverty. He added: “We will be joining forces to catalyze and scale-up inclusive business opportunities that will benefit the majority.”