LATIN AMERICA AND THE CARIBBEAN
comprising 50 percent of the corporate income tax collected from mining firms; and (ii) mineral royalties.
The national government mainly shares these two types of mining revenue with subnational governments. The indigenous communities impacted by the industry are encouraged to apply for Canon funding for local projects
One of the significant challenges, as observed by the Indigenous Division of the Ministerio de Cultura, is that the projects can be unsustainable and not providing lasting community benefit.
Due to an acknowledgement of the i2i strength based delivery approach, the Peru Government invited i2i to accompany the Ministerio staff to Iquitos to address an assembly of indigenous leaders and travel up the river for several hours to reach some of the communities. Three i2i indigenous professionals, two owners and one consultant, undertook the community consultation to empower communities with alternative global indigenous enterprise concepts and exploration of funded activities to achieve lasting community benefit.
I2i primary focus was on building trust with the community, women’s and girl’s empowerment, youth entrepreneurship and investigation of sustainable business opportunities. While the communities had some project ideas, i2i consulted them on each before outlining that funding may have a more lasting community benefit if invested in a researched and designed program. One option explore was to use the Canon funding to acquire a business aligned with community strengths such as fishing, tourism, etc.
The Ministeria de Cultura encouraged the communities to engage the consulting services of i2i in the design, and to support delivery, of the economic development program. I2i is engaging with its associates Innovo Corp, based in Temuco, Chile, about the most viable business options and present to the community for their agreement.
LOTE 192 Peru Amazon Project
In the Loreto Region of Northern Peru in the Amazon, near the border of Ecuador, is the petroleum production area known as LOTE 192. Owing to the extractive and petroleum industry activities taking place on indigenous lands the companies are required to pay the national government i) the Canon Minero
Lake Budi Enterprise Project, Chile
Lonquimay Enterprise Project, Chile
iCalma Enterprise Project, Chile
The Inter-America Development Bank (IDB) Office in Santiago, Chile, met with i2i LATAM to understand more of the i2i ‘strength based’ approach. This resulted in an invitation to i2i to develop three proposals, each targeting indigenous
Mapuche communities who live in poverty. Each of the communities selected is in the one region, Araucania in southern Chile.
The Mapuche communities have been historically marginalised since colonialization and repressed in their participation in the economy. In addition, their traditional lands are located in relatively rural and remote areas. The IDB and Chilean Government seek to have the communities prosper and recognise the need for positive intervention which respects their culture but also creates an aspiration for a sustainable business.
In collaboration with i2i’s associates, Innovo Corp, i2i developed three proposals which were submitted to the IDB for consideration. The methodology involved consultation and responding to the communities identified enterprise concepts such as farming, handicrafts and tourism.
I2i promoted raising the communities awareness to ‘think big’, to aspire to a highly sustainable business which would provide for future generations.
The IDB did not seek research but wanted a response to the existing community concepts. This was helpful, as Innovo Corp had a deep understanding of, and relationship with, the communities and had some experience with enterprise development. i2i provided experiences from indigenous communities in other countries including Australia, Canada and Papua New Guinea.
Fund Mujer, Latin America
The Overseas Private Investment Corporation (OPIC) and Inter-America Development Bank (IDB) Invest seek to select managers of profitable funds that are supporting women in Latin America and the Caribbean through a competitive and transparent process. Investment strategies of selected funds will target private investments in IDB-eligible and OPIC- eligible countries in
Latin America and the Caribbean that support women’s economic empowerment. Funds must have a minimum total size of $100 million.
The Fund strategy includes a gender lens targeting women in:
I2i approached the Fund for the Development of Indigenous Peoples of Latin America and the Caribbean (FILAC), located in Bolivia, to partner with i2i in an application, however, neither organisation was eligible as they did not have the sized funding nor twenty five percent minimum USA owned or funded.
i2i approached its colleagues in OPIC to discuss the likely focus on indigenous women under Fund Mujer. They agreed it was less likely the large Fund Managers would be inclusive of indigenous women and suggested i2i develop a prospectus which they will forward to applicants for possible partnerships with i2i.
I2i has submitted a prospectus to OPIC and IDB Invest for possible collaboration with successful Fund Mujer Fund Managers.