Exchanging Experiences, Expanding Opportunities

Public-Private Partnerships, Financial Inclusion and the IASPN

Public-Private Partnerships, Financial Inclusion and the IASPN

Today, poverty is universally recognized as a multidimensional phenomenon that includes and involves issues beyond the reach of income, including a perspective that takes into account the deprivation of a dignified way of life. Similarly, social protection is increasingly looked at using an interdisciplinary perspective. The multidimensionality of poverty and the interdisciplinary nature of social protection make it necessary to involve all of the relevant actors and meet those challenges with an innovative vision with the objective of confronting poverty and inequality in our continent.

It is within this context that the OAS, using the framework of the IASPN, has proposed the task of creating a Public-Private Partnership social protection, based on the strategic consensual collaboration between governments and the private sector. In addition to seeking mutual benefits, the partnerships have the objective of wellbeing and a better quality of life for the population, especially for the most vulnerable sectors.

The Inter-American Social Protection Network (IASPN)

In recent years, many countries in the Americas have developed new ways to approach the complex problems of poverty and disparity, with results that demonstrate a real difference being made. The Inter-American Social Protection Network (IASPN) offers a forum to consolidate the efforts being made through an exchange of knowledge and experiences. The essential objective is to identify and implement effective strategies to break the cycle of poverty and expand opportunities for people and families in the region.

The IASPN offers a community of active and regional learning in the field of social protection that brings together all of the relevant actors from the region. Some of the parties involved include; the ministries of social development and other government agencies, international organizations, NGOs, the private sector and academia. The IASPN is founded on five strategic pillars that highlight public-private partnerships.

Strategic Pillars of the IASPN

Why Public-Private Partnerships?

By involving civil society, academia and the private sector in IASPN activities, the intention is to incorporate relevant actors into the discussions regarding social protection to contribute to the search for effective solutions to poverty and inequality in the region. This is based on the acknowledgement that effective partnerships between the public and private sectors can strengthen the efforts of social protection.

The IASPN becomes an excellent mechanism to promote a positive and viable environment for PPPs to promote a hemispheric social protection agenda. PPPs bring together the energy and practical perspective of the private sector with the political authority and the public awareness to obtain positive results that have an impact and are sustainable in the long-run.

Priority Areas for 2013-2014: Financial Inclusion

The IASPN has outlined Financial Inclusion as a short-term priority area. This decision is based on the increased need for access to financial services to reduce poverty, the importance of creating a favorable environment to facilitate access to financing, financial education and awareness for the relevant populations, which are all essential to guaranteeing inclusive development for everyone.

With this task in mind, the IASPN was present at the II Base Forum, which was organized by the IDB and took place on June 6th and 7th, 2013 in Medellín, Colombia, where the central theme was Public-Private Partnerships.