Hernando de Soto
Hernando de Soto

The Institute for Liberty and Democracy (ILD) works with developing countries to implement property and business rights reforms that provide the legal tools and institutions required for citizens to participate in the formal economy.

Why We Invested

Founded in 1981 by economist Hernando de Soto, ILD works toward a world in which all people have equal access to secure rights to their real property and business assets in order to pull themselves—and their countries—out of poverty. ILD fulfills its mission by working closely with governments, assessing current legal systems, providing expertise in the transition from customary control of assets to modern property and business rights, and promoting institutional policy reforms that allow citizens to better leverage their assets.

ILD has worked directly in more than 25 emerging market countries and has been consulted by 35 heads of state, leading a range of high-impact projects such as managing property formalization in Peru, implementing land titling in El Salvador, and helping streamline the legal frameworks governing property and business rights in Tanzania and Egypt. As a leader in the movement to create access to secure property and business rights, ILD has impacted millions of lives and been instrumental in promoting legal and economic empowerment for the poor.

With Omidyar Network’s support, ILD will expand to new countries, strengthen advocacy efforts, and increase global awareness of the vital role of property and business rights in bringing life-altering benefits to poor and marginalized communities around the world.

Peter Rabley