On November 6 2015, members of the Georgetown Development Initiative (GDI) visited the Inter-American Development Bank to speak to Mr. Fernando Jimenez-Ontiveros, the General Manager of the Multilateral Investment Fund (MIF), and several specialists ( Mr. Steven Wilson, and Ms. Maria Villanueva). The MIF has made it their mission to support economic growth and poverty reduction in Latin America and the Caribbean by encouraging private investment and private sector development. The lead specialists described to us three of the ways the MIF goes about achieving it’s goal. These were the development of the microfinance industry in frontier markets, climate change adaptation, and the empowerment of women.
What resonated with me, as a student studying healthcare management, is their emphasis on strengthening the individual. A nation is only as strong as its people; thus to help a developing country, we need to help its citizens realize their full potential. I believe that this is also important to the continued growth and vitality of developed countries, like the United States.