Renato Mazzola of BTG Pactual, the largest investment bank in the region, confirms that Latin American private markets are at an early stage, but have the potential to become an impact investment giant. Some well-known challenges plague the region, such as climate change mitigation and waste management. Natural resources are abundant, but managed quite poorly. For a region that was once looked to as a treasure trove for the Old World, widespread poverty and inequality are the primary descriptors of Latin America. The public sector has clearly struggled or lacked the innovation to cope with the demanding changes of society thus far, be it purposely or simply by a lack of vision, evolution and collaboration among stakeholders.

https://www.forbes.com/sites/jpdallmann/2021/07/18/latin-america-is-the-new-frontier-for-impact-investing/?sh=2272a7ad68bb&PostID=34056629&MessageRunDetailID=5855676853