Over time, social funds have proven that they effectively can coordinate among entities, channel resources, develop social infrastructure, pro- mote the participation of local authorities and the community, and inte- grate the private sector and civil society in their programs. Their trans- parency in operations is widely acknowledged and has resulted in financial and technical support from international entities. Impacts of social funds are commensurate with the budgets that are allocated to them. Although their achievements have been considerable, the magni- tude of poverty, especially in the poorest economies of Latin America and the Caribbean, remains overwhelming
