Yesterday, Secretary Hillary Rodham Clinton launched a new partnership to promote investment in innovation at the inaugural Global Impact Economy Forum in Washington, DC.

The Accelerating Market-Driven Partnerships (AMP) initiative is a public-private partnership that seeks to mobilize innovation and investment around critical global challenges such as poverty, climate change, sustainable cities and waste, and addressing agricultural value chain waste in key growth markets. The pilot initiative will initially focus on promoting sustainable cities and related issues in Brazil.

During the launch of AMP, Secretary Clinton said: “AMP will bring a business eye to taking on social and environmental problems in developing markets. We will launch it in Brazil, focused first on building sustainable cities, from providing low-cost housing, to offering skills training that builds capacity of local workers, to improving urban waste management systems. AMP will draw on the resources of the private sector, civil society, and multilateral partners in both Brazil and the United States.”

AMP will provide a platform for businesses, private investors, social entrepreneurs, government, multilateral institutions and philanthropic organizations to identify and tackle key environmental, social and economic challenges in countries that are transitioning from development assistance. The partnership supports the U.S. Department of State’s efforts to promote sustainable, inclusive economic growth and development that strengthens diplomatic efforts and bolsters U.S. business opportunities and investments abroad. MORE