Board of Directors of the PROCOMUNIDAD Fund
The Board of Directors of the PROCOMUNIDAD Fund emerged after the creation of PROCOMUNIDAD - an investment fund created by the Presidency of the Republic with the purpose of financing certain programs and policies specially oriented to conjunctural social problems and the channeling of investments in order to reduce poverty and provide solutions for basic social needs. It is directed by a collegial council of individuals and is comprised of citizen, union, business and religious representation, with broad powers to determine objectives and make investments.
Institutional design
Formalization: is the innovation embedded in the constitution or legislation, in an administrative act, or not formalized at all?
Frequency: how often does the innovation take place: only once, sporadically, or is it permanent or regular?
Mode of Selection of Participants: is the innovation open to all participants, access is restricted to some kind of condition, or both methods apply?
Type of participants: those who participate are individual citizens, civil society organizations, private stakeholders or a combination of those?
Decisiveness: does the innovation takes binding, non-binding or no decision at all?
Co-governance: is there involvement of the government in the process or not?
- Formalization
- only backed by a governmental program or policy
- Frequency
- regular
- Mode of selection of participants
- restricted
- Type of participants
- civil society private stakeholders
- Decisiveness
- democratic innovation yields a binding decision
- Co-Governance
- yes
Means
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Ends
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