CAF and Fundemex will work jointly to strengthen social enterprise
Both institutions signed an agreement to establish cooperation alliances between social enterprises and private enterprises which are part of the organizations of the Consejo Coordinador Empresarial (Entrepreneurial Coordinating Council), with the purpose of contributing to development, income generation, and employment in poor communities
With the purpose of promoting sustainable and inclusive development in Mexico, CAF, Development Bank of Latin America, and Fundemex, signed an agreement to establish cooperation alliances between social enterprises and private enterprises which are part of the organizations of the Consejo Coordinador Empresarial (CCE) (Entrepreneurial Coordinating Council). The project called "Strengthening of social enterprises" will be in charge of Fundemex, social branch of the CCE.
Moira Paz, CAF's Director Representative in Mexico, stated "This agreement is very important because it will allow us to strengthen efficient cooperation alliances between social and private enterprises by promoting the incorporation of technology to the productive process, better quality products and services, and more access to financing and technical assistance to coordinate social enterprises".
The subscribed agreement includes the transfer of experiences in corporate governance, public-private associations, and competitiveness, among others; generation of knowledge in financial inclusion, environment, public policies, as well as the implementation of programs for the development and research of social enterprises.
This initiative is framed in the working sphere of the different organizations represented by the CCE, founded in 1976 with the objective of coordinating the policies and actions of entrepreneurial organizations, and identify strategic positions with specific solutions that contribute to design public policies to increase economic growth and the competitiveness level both in companies and the country.
CAF's support to the productive and financial sectors of its member countries is executed through support to programs and projects that promote transformation and productive diversification, promote entrepreneurship and innovation in the region, as well as generation of knowledge that copies successful experiences and impacts on the creation of public policies.
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