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No AccessStand Alone Books1 Feb 2013Poverty alleviation and social investment fundsThe Latin American experienceAuthors/Editors: Philip J. Glaessner, Kye Woo Lee, Anna Maria Sant'Anna, Jean-Jacques de St. AntoinePhilip J. Glaessner, Kye Woo Lee, Anna Maria Sant'Anna, Jean-Jacques de St. Antoinehttps://doi.org/10.1596/0-8213-3025-XSectionsAboutPDF (0.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Most Social Investment Funds (SIFs) in Latin America were created to alleviate the impact on the poor of the reduction in income and employment caused by the debt crisis and the structural adjustment measures taken to lay the basis for renewed growth. The traditional social sector ministries were ill prepared for this task. Many SIFs have been transformed into permanent or semi-permanent entities to finance infrastructure and social service projects targeted to reach the very poor. Furthermore, most SIFs in Latin America have been characterized as effective financial intermediaries. The main attribute of SIFs is the high degree of autonomy achieved through choice of private sector managers with no salary limitation, and exemption from Government's annual budget cycle as well as from bureaucratic procurement and disbursement procedures. A computerized information system, frequent audits and a high degree of beneficiary participation and transparency have also ensured rapid and efficient execution of projects. This discussion paper reviews the experience of twelve SIFs created in Latin America since 1986. It attempts to identify best practices and lessons learned and to analyze policy and operational issues related to the use of SIFs as financial intermediaries for small-scale, multisectoral investments aimed at alleviating poverty among targeted population groups. It also attempts to analyze the future perspectives of SIFs. FiguresreferencesRecommendeddetailsCited byThe enabling approach for housing supplyAlexandria Engineering Journal, Vol.50, No.4Politics of global social relations: organising 'everyday lived experiences' of development and destitutionAustralian Journal of International Affairs, Vol.64, No.118 January 2010At War's End, Vol.75 September 2012The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991–95American Political Science Review, Vol.94, No.21 August 2014Policy Options for Poverty AlleviationSSRN Electronic JournalA World Bank Intervention in the Sri Lankan Welfare Sector: The National Development Trust FundWorld Development, Vol.27, No.5The Politics and Governance of Poverty Alleviation Programmes: Is Sub-Saharan Africa Learning from Latin America?Policy Options for Poverty AlleviationSSRN Electronic JournalNeopopulism and neoliberalism in Latin America: Unexpected affinitiesStudies In Comparative International Development, Vol.31, No.3 View Published: September 1994ISBN: 978-0-8213-3025-8 Copyright & Permissions Related RegionsLatin America & CaribbeanRelated TopicsMacroeconomics and Economic GrowthPoverty ReductionSocial Protections and Labor KeywordsNONGOVERNMENTAL ORGANIZATIONSSOCIAL SECURITYPRIVATE SECTORPOVERTY MITIGATIONINFORMATION SYSTEMSEMPLOYMENT CREATIONINCOME DISTRIBUTIONBENEFICIARY PARTICIPATIONPRIVATE SECTOR MANAGEMENTSOCIAL INVESTMENT FUNDSFINANCIAL INTERMEDIARIES PDF DownloadLoading ...
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