Fundación Terra joins the Partnership for Central America as a strategic partner.
Within the framework of the 2022 Summit of the Americas, Fundación Terra along with nine companies and organizations joins the Partnership for Central America (PCA), which is an independent organization created in support of the Call to Action announced by Vice President Kamala Harris in May 2021 together with the Department of State and USAID, this initiative recognizes the importance of the role of the private sector in addressing the root causes of migration in Honduras, Guatemala and El Salvador; calling on businesses and social organizations to make significant commitments in promoting economic opportunities for these countries.
The call to action's six focus areas aim to support the region's long-term development, which include: promoting a pro-democracy reform agenda; digital and financial inclusion; food security and climate-smart agriculture; climate adaptation and clean energy; education and workforce development and access to public health.
During the summit, Vice President Kamala Harris announced commitments of more than $1.9 trillion by the private sector with the goal of creating economic opportunities in the northern triangle of Central America.
Fundación Terra responds to the Call to Action of the Vice President of the United States, 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 provided by the companies in which Terra Inversiones invests in the areas of energy, oil, retail and real estate, adhering to its Environmental, Social and Governance criteria.
The programs to be implemented will support the improvement in public education, digital access, entrepreneurship and environmental conservation. This includes contributions in Tutoring Scholarships for the reintegration into the school system and the reinforcement in the subjects of mathematics and Spanish to 40 thousand students in Honduras, Guatemala and El Salvador, additionally promoting financial inclusion in them.
During the event in which the incorporation was announced, Ms. María Del Carmen Nasser, Vice President of Fundación Terra, mentioned "At Fundación Terra we firmly believe in alliances as a model of success. The PCA is the perfect framework to work alongside cross-sector partners to ensure our programs have a scalable impact, for which it is important to connect with regional initiatives and establish collaborative platforms."
For his part, Fredy Nasser, President of Fundación Terra said: "We are proud that Fundación Terra of this important step and becomes a strategic member of the Partnership for Central America, to implement a tangible plan of new programs for five years; this is the basis on which we have worked for more than 20 years to provide children and young people with the necessary tools to become agents of change in their countries."
As a result of the Summit of the Americas in Los Angeles CA, Vice President Harris will continue to convene EXECUTIVE DIRECTORS and philanthropic leaders to advance this effort.