Technical Support to Develop a Majority Markets Investments Index

In support of the OMI, this project proposes to develop a Business Opportunities for the Majority Index (BOMI) for the region. The Index will track the activities of major corporate entities in addressing the needs of Majority communities, with the primary purpose of mobilizing private capital investment to address the needs of the majority. The proposed index will:
·Establish a baseline against which it will be possible to measure the impact of the Bank's Opportunities for the Majority Initiative in promoting private sector participation in creating of opportunities for the majority,
·Improve the Bank's knowledge and understanding of private sector activities among majority communities,
·Establish criteria and best practices benchmarks for business involvement in creating Opportunities for the Majority (including partnering with municipalities and developing formal SMEs),
·Establish a mechanism for capital markets to recognize and reward private sector investment in sustainability and opportunities for the majority,
·Provide the empirical data needed to test the hypothesis that business opportunities for the majority strategies create value for both shareholders and society.

Project Detail

Country

Regional

Project Number

RG-T1315

Approval Date

April 30, 2007

Project Status

Closed

Project Type

Technical Cooperation

Sector

SOCIAL INVESTMENT

Subsector

SOCIAL INVESTMENT

Lending Instrument

IDB Invest

Lending Instrument Code

IIC

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 149,500.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 149,500.00