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Can Latin America maintain the momentum of the past decade’s social transformations? The answer will depend on its ability to adopt innovative solutions to advance social progress. Considered the third arm of development by the World Bank, social entrepreneurship in Latin America has expanded dramatically in the past two decades and is today addressing societal problems that governments, civil society, and the private sector cannot effectively tackle.

The leaders of the emerging social entrepreneurship sector are forging new paths forward with groundbreaking approaches to social problems. These pioneers combine sustainable market-driven models with a commitment to community benefits. They are using advances in technology, interconnectivity, and access to capital to push away from traditional, top-down tools of development.

To highlight the critical role of social entrepreneurship, this month’s Spotlight asks: what policies should be implemented to support social entrepreneurship?