Tres por Uno (3×1) investment matching program
Public programmes such as Tres por Uno (3×1) investment matching program, are designed so that for every $1 contributed by diaspora associations, the federal and state governments would match another $1 each. This money is gathered in a fund that is then used to invest in local development, through a vehicle where decisions are made by local residents and contributing emigrants. From the government perspective, this allows them to provide public goods with partial funding from privates residing abroad, and the local communities play an active role in the investment decisions.
Sector
- Investment
- Local development
- Social development