Fundación Terra is responding to the US Vice President’s call to action, becoming a strategic member of the Partnership for Central America (PCA) where it will invest $24.5 million in resources for new programs and sustainable solutions over the next five years.
By E&N Brand Lab
As part of the Summit of the Americas 2022, Fundación Terra, with nine companies and organizations, is joining the Partnership for Central America (PCA), an independent organization created to support the call to action announced by the Vice President of the United States, Kamala Harris, in May 2021 with the Department of State and USAID, through this initiative, the important role of the private sector in addressing the root causes of migration in Honduras, Guatemala, and El Salvador is recognized; Require companies and social organizations to make significant commitments in promoting the economic opportunities of these countries.
The six focus areas of the call to action aim to support long-term development in the region, including: advancing the pro-democracy reform agenda; digital and financial inclusion; food security and climate-smart agriculture; climate adaptation and clean energy; Education, workforce development, and access to public health.
During the summit, Vice President Kamala Harris announced pledges of more than $1.9 billion from the private sector aimed at creating economic opportunities in the Northern Triangle of Central America.
Fundación Terra is responding to the US Vice President’s call to action, becoming a strategic member of the Partnership for Central America (PCA) where it will invest $24.5 million in resources for new programs and sustainable solutions over the next five years. Fundación Terra develops its operations with the resources contributed by the companies in which Terra Inversiones invests in energy, oil, retail and real estate, while adhering to its own environmental, social and governance standards.
The programs to be implemented will support improvements in public education, digital access, entrepreneurship and environmental conservation. This includes contributions to teaching grants to re-enter the school system and enhance mathematics and Spanish subjects for 40,000 students in Honduras, Guatemala and El Salvador, as well as to advance their financial inclusion.
During the event where the establishment was announced, Ms. María del Carmen Nasser, Vice President of Fundación Terra stated, “At Fundación Terra, we firmly believe in alliances as a model for success. PCA is the ideal framework for working alongside multi-sectoral partners and to ensure that our programs have an impact. Scalable, for which it is important to communicate with regional initiatives and create collaboration platforms.”
For his part, Freddy Nasir, President of Fundación Terra, said: “We are proud that Fundación Terra has taken this important step and become a strategic member of the Partnership for Central America, to implement a concrete plan of new five-year programs; This is the foundation on which we have worked for more than 20 years to provide children and young people with the tools to become agents of change in their countries.”
As a result of the Summit of the Americas in Los Angeles, Vice President Harris will continue to invite CEOs and philanthropic leaders to advance this effort.