CGD’s work on financial services analyzes how to strengthen, deepen, and broaden financial systems in poor countries to maximize the benefits for poor households and improve development prospects. Related research examines the effects of financial crises and instability and how to avoid them. Our investment research evaluates efforts to help developing countries improve their business climates, foster entrepreneurship, and increase the positive effects of foreign direct investment.
The Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution. It is a leading agency in implementing President Obama’s Power Africa Initiative and the Electrify Africa Act. CGD’s work focuses on how OPIC can most effectively promote economic opportunity and growth.
CGD ideas, advice, and research have helped reduce huge debt burdens in Nigeria (by $30 billion), in South Sudan ($35 billion), and in Liberia, where we advised the president on rebuilding the economy after years of conflict.
Greater access for the poor to financial services such as payments, deposits, credits, insurance and risk-management services can improve their opportunities and welfare. This CGD task force is working to identify the regulatory changes needed to increase financial inclusion while protecting consumers and financial stability.