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Evidence and insights from the experience with payment by results across Latin America
Mara 2025

Mara Airoldi

Social Innovation and Public Sector Lead, Schwab Foundation for Social Entrepreneurship

Mara works on shaping the public sector strategy at the Schwab Foundation for Social Enterprise, focusing on engaging public social innovators, strengthening government partnerships, and advancing public-private collaboration. She also supports the use of data to help stakeholders learn from shared experiences.

Previously, she was Academic Co-Director of the Government Outcomes Lab at the University of Oxford. With two decades of experience, she specialises in applying academic insights to decision-making for social impact, particularly in outcomes-based funding across governments, foundations, and international development.

She is an experienced decision modeller with a strong interest in impact metrics and data-driven decision-making.

Maria Laura Tinelli

Maria Laura Tinelli

Director, Acrux Partners

María Laura Tinelli is the Director and Founder of Acrux Partners, an impact investment intermediary and market developer focused in South America. She founded and heads the Impact Investment National Advisory Board for Argentina, Uruguay and Paraguay. She is an Investment Committee Member for NXTP Impact Investment Fund in Latin America. Together with Social Finance UK, Acrux and the IADB has structured the first Social Impact Bond for Argentina in 2018, and is currently working on the second one. She currently serves as Impact Investment advisor to the UNPRI.

Daniel Uribe Parra

Daniel Uribe

Executive Director, Fundación Corona

Fundación Corona is renowned institution in Colombia, working for the last 60 years in promoting social development. Daniel is an industrial engineer. He has worked as an Associate at Endeavor. Since his role at Fundación Corona 10 years ago, Daniel has led important programs of financial innovation and public innovation.
These programs have all been pioneers in Latin America, successfully implementing SIBs, Outcomes Funds and contracts, and income share agreements. All of these mechanisms were developed hand in hand with the public sector, consolidating institutional and public procurement milestones for the country.
He earned a Bachelor of Engineering from Universidad de Los Andes and has experience in social investment banking and high impact entrepreneurship.

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Marta Garcia

Director, Social Finance

Marta is leading Social Finance’s work in Latin America, with a focus on Mexico, Brazil and Chile, and contributes more broadly to our international practice.

Marta brings a hybrid set of skills to Social Finance, with extensive private sector experience in strategy consulting (Boston Consulting Group) and commercial banking (Capital One Bank), and deep expertise supporting the growth, sustainability and impact-creation capabilities of non-profit organisations (UnLtd, The Bridgespan Group, Leaders’ Quest Foundation, Population Services International).

Marta is a Spanish national, though her career spans several countries and cultures, and is motivated by achieving tangible impact for beneficiaries. She is a Trustee of FPA, a UK-based sexual health charity.

Juliana Outes Velarde

Juliana Outes Velarde

Senior Data Steward, Government Outcomes Lab, Blavatnik School of Government, University of Oxford

Juliana works as a Data Steward the Government Outcomes Lab, where she supports the work of our International Network for Data on Impact and Governance Outcomes (INDIGO). She holds a degree in International Relations from the Catholic University of Argentina (UCA) and a Master on Politics, Big Data and Quantitative Methods at the University of Warwick.

Prior to joining the Government Outcomes Lab in April 2020, Juliana worked for different public entities from her home country, such as the government of the province of Salta and the former National Ministry of Modernisation. She is interested in how the provision of good quality data can help us evaluate the impact of public policies and improve them. As for her academic experience, Juliana was a research fellow for the Interdisciplinary Programme on Human Development and Social Inclusion of UCA.

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Mayra Gramani

Programme Associate, Education Outcomes Fund

Mayra is a Programme Associate at the Education Outcomes Fund. She holds a degree in law from the University of São Paulo and is currently studying a Master in Public Policy at the Blavatnik School of Government, University of Oxford.

Before coming to Oxford, Mayra worked as a Professional Visitor at the Inter American Court of Human Rights, and then focused on working within the public sector to achieve greater social impact. She has also worked in São Paulo's City Hall and for the State Government, developing policies for engaging non-profit organisations on public services.

Discussants

Adolfo Diaz Valdez, Government of Buenos Aires City

Beth Collins, Catholic Relief Services Impact Fund

Constanza Gorleri, Banco Galicia Argentina

Carlos Estivill, Fundación Pescar

Carolina Stecca Douek, Oxford MPP student

Egerton Verçosa A. Neto, LSE MPP student

Carolina Mafioly, Department for Social Prosperity (Colombia)

Patricio Mayr, Fundación Mustakis