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    Carlos Slim on how to scale what works in development

    The fifth richest man in the world shares with Devex what he sees as "the best way to fight poverty" during a Clinton Foundation trip to Peru. Joining fellow billionaire Frank Giustra and former U.S. President Bill Clinton, Carlos Slim speaks to the intersection of business and development.

    By Catherine Cheney // 16 November 2015

    Following a performance by women wearing traditional Peruvian dress, Mexican billionaire Carlos Slim Helú and Canadian billionaire Frank Giustra posed with former U.S. President Bill Clinton in matching alpaca scarves and caps.

    The Clinton Foundation periodically takes donors and partners like Giustra and Slim, who go in half and half on projects launched by the Clinton Giustra Enterprise Partnership in Latin America, to see the work they make possible. Devex joined the group in Peru this week, and saw how the Foundation uses trips like these to grow their projects to new countries and with new partners.

    “That’s the wealthiest guy in Peru,” CGEP CEO Mark Gunton said, pointing to billionaire Carlos Rodriguez-Pastor, who purchased items from Chakipi Acceso entrepreneurs lining booths featuring their products with coin purses filled with soles that the Clinton Foundation provided. “He’s sort of drunk the Kool-Aid.”

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    About the author

    • Catherine Cheney

      Catherine Cheneycatherinecheney

      Catherine Cheney is the Senior Editor for Special Coverage at Devex. She leads the editorial vision of Devex’s news events and editorial coverage of key moments on the global development calendar. Catherine joined Devex as a reporter, focusing on technology and innovation in making progress on the Sustainable Development Goals. Prior to joining Devex, Catherine earned her bachelor’s and master’s degrees from Yale University, and worked as a web producer for POLITICO, a reporter for World Politics Review, and special projects editor at NationSwell. She has reported domestically and internationally for outlets including The Atlantic and the Washington Post. Catherine also works for the Solutions Journalism Network, a non profit organization that supports journalists and news organizations to report on responses to problems.

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