First Projects to Focus on Addressing Sustainability Issues in Brazil
WASHINGTON, DC – APRIL 26, 2012 – Arent Fox LLP announced today that it is a founding partner in the US State Department’s newly launched Accelerating Market-Driven Partnerships (AMP) initiative. AMP’s launch was announced today by Secretary of State Hillary Rodham Clinton at the first-ever Global Impact Economy Forum held April 26-27 at the Department of State and Georgetown University’s McDonough School of Business in Washington, DC.
“Accelerating Market-Driven Partnerships, or “AMP,” will bring a business eye to taking on social and environmental problems in developing markets,” said Secretary Clinton. “We will launch AMP in Brazil and focus first on building sustainable cities, everything from providing low-cost housing, to offering skills training that builds the capacity of local workers, to improving urban waste management systems. AMP will draw on the resources of private sector and civil society partners in both Brazil and the United States, including Arent Fox, Machado Associados, Grupo ABC, HP, the Rockefeller Foundation, the World Bank, and Mercy Corps.”
Arent Fox’s Cristina Carvalho, a partner in the firm’s Intellectual Property practice, said the firm was honored to be a partner in creating AMP. The fact that the partnerships’ initial emphasis will be on assisting the people of Brazil makes Arent Fox’s work with AMP especially meaningful, said Ms. Carvalho, who was born and raised in the South American nation, and where she is also licensed to practice law. “Being selected to help my home country and to be able to utilize my training and experience to serve the people of Brazil is a tremendous privilege and a profound responsibility that I and my colleagues at Arent Fox are proud to accept,” Ms. Carvalho said.
Arent Fox’s work on the AMP initiative predates today’s announcement by Secretary Clinton. The firm’s attorneys have been developing a sophisticated legal structure for the public-private partnership, which it intends to support the work of AMP in Brazil and beyond.
“Brazil’s rapidly growing middle class, and the role the nation will play as host to the 2014 FIFA World Cup and 2016 Summer Olympics, presents both unique challenges and tremendous opportunities for innovative solutions to issues such as the environment, waste management, and the efficient delivery of the food supply,“ Mr. Carter said. “Like Secretary Clinton, we believe that empowering entreprenurs is a uniquely effective strategy for finding solutions to intractable social problems and forging long-lasting ties between our countries. Arent Fox looks forward to working with the other AMP partners to pioneer these new models of social innovation.”
Secretary Clinton announced the launch of AMP in a speech given April 26 on the first day of the Global Impact Economy Forum. The two-day Forum will bring together over 350 high-level investors, business executives, entrepreneurs, philanthropists, academics, and US government leaders from the White House, Departments of State, Commerce, and Treasury, the Overseas Private Investment Corporation, and the US Agency for International Development.
Building on the Secretary’s Economic Statecraft agenda that seeks to put economic and development issues at the center of US foreign policy, the Forum will highlight how the US government can promote innovative business approaches and sustainable investments for US businesses and investors abroad, mitigate the risks of doing business in emerging economies, and increase economic engagement overseas that improves the lives of those in developing nations while supporting the expansion of American business overseas.