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Post by ozgringo on Oct 16, 2016 5:58:50 GMT -5
MICROCAPITAL BRIEF: MIF, Swiss Government Partner to Launch Social Impact Bond Fund to Improve Urban Employment in Colombia, Repayment to Be Contingent on Successful Client Outcomes From www.microcapital.org/microcapital-brief-mif-swiss-government-partner-to-launch-social-impact-bond-fund-to-improve-urban-employment-in-colombia-repayment-to-be-contingent-on-successful-client-outcomes/"The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, is partnering with the Swiss State Secretariat of Economic Affairs (SECO) and the Colombian government’s Department for Social Prosperity (DPS) to launch a social impact bond fund aimed at increasing urban employment in Colombia. Through this “pay-for-success model,” investors will provide capital for organizations, yet to be selected, that provide services to “vulnerable” populations with repayment dependent upon project outcomes, as measured by third-party impact evaluators. According to MIF, “If outcomes fail to improve, investors do not recover their full investment, thereby transferring the performance risk of the program away from governments and taxpayers.” MIF first began developing its social impact bond program for Latin America and the Caribbean in 2014." "Fundación Bolívar Davivienda, the philanthropic arm of Colombian business group Grupo Bolívar, and Fundación Mario Santo Domingo, a nonprofit that provides services to low-income Colombians, will help raise capital for the bonds. Fundación Corona, a nonprofit focused on increasing social mobility for Colombians, will provide capacity-building assistance services to organizations benefitting from the fund. Instiglio, a nonprofit specializing in development program impact evaluation, will provide advisory support to MIF and DPS, and Fundación Pro Bono will provide legal advisory services."
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Post by jabberwocky on Oct 16, 2016 6:28:58 GMT -5
Small towns in. Colombia offer even less job opportunities , lower wages almost 0 upward mobility
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Post by Deleted on Oct 16, 2016 10:11:38 GMT -5
With 17 bank holidays--week off for Easter---3 weeks off for Christmas--mas-tarde work ethic--reproducing as rabbits
Little industry--(what Colombia had is now made in china--- go to Exito)
3rd world corruption in the ordinary course of business--
Will never happen--
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Post by jabberwocky on Oct 16, 2016 10:49:14 GMT -5
I actually think Colombia does better than most Latin America countries as far as imports from China , there is still a lot but Colombia does manufacture/ and or assemble. Lots of the clothes - especially jeans are made locally - Itagui has a lot of them, lots of furniture, motos and cars are assembled in Medellin. But the pay for these jobs still pretty much stinks.
Never shopped Exito for clothes but if you go to Centro - lots of the stores there sell clothing made locally, the typical Colombiana type jeans that the women like - the wife has done well buying jeans in Centro and selling them in Orlando - the jeans are made in Itagui - seems they fit Colombianas better than US jeans ( that are all imported from Far East , China Vietnam)
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Post by tubes on Oct 16, 2016 12:20:16 GMT -5
With 17 bank holidays--week off for Easter---3 weeks off for Christmas--mas-tarde work ethic--reproducing as rabbits Little industry--(what Colombia had is now made in china--- go to Exito) 3rd world corruption in the ordinary course of business-- Will never happen-- This sounds to me as if you are just jealous that the rest of the world has decent public holidays! If you go to Exito you will find that a lot of products (particularly clothing) are in fact made (well) in Colombia. Corruption is an unfortunate fact of live in ALL countries. It is just better concealed in some Western societies!
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Post by suba on Oct 16, 2016 12:47:26 GMT -5
With 17 bank holidays--week off for Easter---3 weeks off for Christmas--mas-tarde work ethic--reproducing as rabbits Little industry--(what Colombia had is now made in china--- go to Exito) 3rd world corruption in the ordinary course of business-- Will never happen-- This sounds to me as if you are just jealous that the rest of the world has decent public holidays! If you go to Exito you will find that a lot of products (particularly clothing) are in fact made (well) in Colombia. Corruption is an unfortunate fact of live in ALL countries. It is just better concealed in some Western societies! No he's right. You cannot compare the level of corruption in Colombia with that in most other countries, the corruption here is at every level and every Colombian you speak to says it's the main problem in the country. Glossing over it is the reason it is so ingrained.
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Post by elexpatriado on Oct 16, 2016 14:41:07 GMT -5
This sounds to me as if you are just jealous that the rest of the world has decent public holidays! If you go to Exito you will find that a lot of products (particularly clothing) are in fact made (well) in Colombia. Corruption is an unfortunate fact of live in ALL countries. It is just better concealed in some Western societies! No he's right. You cannot compare the level of corruption in Colombia with that in most other countries, the corruption here is at every level and every Colombian you speak to says it's the main problem in the country. Glossing over it is the reason it is so ingrained. Problem is, guys like you and Waterloo and Robbi666, who are always complaining how bad it is, you have only lived your whole life in your own country and Colombia, and no where else. There are dozens of countries in the world way more corrupt, way less organized,with ruder people, worse drivers, worse litter bugs and generally more uncivilized than Colombia- India, Nepal, Russia, Kazakhstan, the other central Asia countries, Belarus, Ukraine, many Arab Countries, Venezuela , most of Africa., Bolivia etc. etc. Give them time. Things have improved in the last 15 years. Things will continue to improve, bit by bit. 25 years ago I told a bunch of oil people that China would be a major economic power and oil and gas consumer down the road. What was their attitude? "Oh yeah, China will be the worlds biggest consumer of Rice, heh? LOL" Very negative and supremacist attitudes.
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Post by suba on Oct 16, 2016 15:23:50 GMT -5
"Problem is, guys like you and Waterloo and Robbi666, who are always complaining how bad it is, you have only lived your whole life in your own country and Colombia, and no where else"
It never ceases to amaze me how some people become that arrogant that they think they're the only ones that have travelled. I've lived in England, France, Spain, Bulgaria and South Africa and worked in 12 others. Right now I have businesses in Colombia with another about to start - as a few members on this forum will verify.
So, unlike you, rather than talk about what other people have said or done I'm actually here doing something myself, and share experiences that actually happen to me, rather than just repeat what the guy in the bar said last night.
The point is, Colombia is where I live, where I pay taxes and it is corrupt beyond belief. Whether Belarus is corrupt I frankly don't give a toss about.
Sorry to pee on your chips but a number on here have experienced far more than their home country and have experienced far more than you ever will and as a result don't feel the need to pretend things in their own little piece of Colombia are somehow different.
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Post by Deleted on Oct 16, 2016 15:48:54 GMT -5
India 2 years London 2.5 years Saudi/UAE/Bahrain 1 year Nice France 6 months Russia 6 months Vietnam 361 days
Married to a Colombian--with her 16 years---carrys 2 passports (Good thing i am not a wuss)
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Post by jabberwocky on Oct 16, 2016 19:12:53 GMT -5
I am not plugged into politics at the national or city level - but do have first hand experience at the local small town level - we are friends with a local mayor and know many people who work for the government in town, to me its amazing how many jobs turnover when a new mayor is elected - almost all seem to be patronage jobs - in small towns they are very sought after positions - everything down to the street cleaner positions. Obviously this can happen in the US also - but usually limited to the management positions - when all the jobs are at stake I can imagine the deals/promises that happen before and after an election. My only other experience living in another country - Panama - everyone there hand their hand - the cops looked at gringos as an ATM.
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Post by wildstubby on Oct 16, 2016 21:31:27 GMT -5
jabberwocky said: Here in the US and to a point Pennsylvania, it wasn't too long ago the idea was as the Governorship change, so did your party affiliation change if you were a civil worker. If you were a democrat and a republican was elected governor, if you wanted to keep your job, you had better change your party affiliation or you would be without said job!
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