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This event is part of a collaboration between The MasterCard Foundation, CGAP, and the Center for Global Development to support the publication of the book.
Featuring the Author David Roodman
Center for Global Development
Introductory Remarks by Nancy Birdsall
Center for Global Development
With Discussants Daryl Collins Director
Bankable Frontier Associates
Head, Microfinance, Global Financial Markets Department
International Finance Corporation
Michael Schlein President and Chief Executive Officer
Moderated by Richard Rosenberg
Consultative Group to Assist the Poor
Microfinance has been whiplashed by the hype cycle. Where it once was seen as a powerful treatment for poverty, recent headlines have favored phrases such as “borrower revolt,” “doesn’t work after all,” and “suicide.” What to make of this cacophony? David Roodman seeks the sensible truth in his new book, Due Diligence: An Impertinent Inquiry into Microfinance, with an investigation that is unprecedented in its depth and breadth. He concludes that, while financial services are no more likely to lift people out of poverty than clean water and electricity, the microfinance movement has built thriving industries that deliver valuable services to millions of poor people. The challenge going forward is to help microfinance play to its strengths. In general, that calls for putting less money into microcredit, to avoid credit bubbles and increase the incentive for microfinance institutions to take savings deposits.
David Roodman is a senior fellow at the Center for Global Development currently focusing on microfinance. He wrote Due Diligence through a pathbreaking "open book" blog, where he shared questions, discoveries, and chapter drafts. In 2011, Roodman ranked in the top 10 on the RePEc list of top young economists in the world. Roodman previously worked at the Worldwatch Institute and spent academic year 1998–99 on a Fulbright in Vietnam. He has never taken a course in economics or statistics.
Pre-order Due Diligence now for 25% off here with discount code “KDR1”
About CGAP CGAP is an independent policy and research centre dedicated to advancing financial access for the world’s poor. It is supported by over 30 development agencies and private foundations who share a common mission to alleviate poverty. Housed at the World Bank, CGAP provides market intelligence, promotes standards, develops innovative solutions and offers advisory services to governments, microfinance providers, donors, and investors.
About CGD The Center for Global Development is an independent, nonprofit policy research organization that is dedicated to reducing global poverty and inequality and to making globalization work for the poor. Through a combination of research and strategic outreach, the Center actively engages policymakers and the public to influence the policies of the United States, other rich countries, and such institutions as the World Bank, the IMF, and the World Trade Organization to improve the economic and social development prospects in poor countries.
About The MasterCard Foundation The MasterCard Foundation advances microfinance and youth learning to promote financial inclusion and prosperity. Through collaboration with committed partners in 48 countries, The MasterCard Foundation is helping people living in poverty to access opportunities to learn and prosper. An independent, private foundation based in Toronto, Canada, the Foundation was established through the generosity of MasterCard Worldwide at the time of the company’s initial public offering in 2006.
Over 1 billion women lack access to financial services due to economic and social barriers, time and mobility constraints, and discrimination Financial services delivered digitally can address these barriers. Closing the global gender gap in access to finance provides an opportunity for the private sector to reach an untapped and profitable market, and provides governments with an opportunity to better reach their constituents. This event looks at the recent evidence on which emerging technologies empower women economically, as well as the importance of cross-sectoral partnership and women’s entrepreneurship in sub-Saharan Africa.
The Center for Global Development, TechnoServe, and the World Bank are pleased to co-host this event in Dar es Salaam. We are committed to finding what works to promote women’s financial inclusion and are conducting innovative research on the potential of digital technologies. This event will launch new research on this topic and bring together leaders in the government and the private sector with experts in finance, development, and technology to have critical conversations on closing the financial gender gap. We hope you can join us.
AidEx is a two day event, which encompasses a conference, exhibition, meeting areas, awards and workshops. Its fundamental aim is to engage the sector at every level and provide a forum for aid & development professionals to meet, source, supply and learn. AidEx was created to help the international aid and development community engage the private sector in a neutral setting, drive innovation and support the ever-growing need for emergency aid and development programmes.
With the goal of driving down drug costs, governments across the globe have instituted various forms of pharmaceutical price control policies. Understanding the impacts of such policies is particularly important in low- and middle-income countries, where lack of insurance coverage means that prices can serve as a barrier to access for patients and lack of effective quality control may allow for low-quality medicines in the market. In her paper, Emma Boswell Dean examines the theoretical effects of price controls in such markets and then measures the empirical effects of one implementation of pharmaceutical price controls, in which the Indian government placed price ceilings on a set of essential medicines.
This unique conference is designed to convene both the new industrial policy thinkers, who have studied the history of government intervention, and blended finance practitioners, who are involved in setting up the institutions and procedures that will use official development finance to subsidise private enterprise in developing countries. These two communities too often work in isolation and have much to learn from each other.
The conference will combine scholar presentations with high-level policy discussions. Please see the preliminary programme for a list of sessions and speakers, in addition to more details about the conference.
Please join us for this “first of its kind” conference and feel free to share this invitation with your network and encourage your colleagues to attend. We want to reach as many people who work in private sector development as possible.
In May 2017 the G20 Ministers of Finance appointed the Eminent Persons’ Group (EPG) on global financial governance, led by the Deputy Prime Minister of Singapore Tharman Shanmugaratnam, to review the governance of the international financial institutions, looking at their coherence and effectiveness in supporting the Agenda 2030 for Sustainable Development, managing capital flows, assessing risks to financial resilience and addressing non-financial threats to growth and stability.
The Center for Global Development (CGD) and The Global Financing Facility (GFF) invite you to the co-hosted Twitter Chat: Global Financing Facility: Investing in People. This interactive chat will discuss the details of GFF’s results-based model, its approach to sustainable global health financing, and scaling the impact of this innovative program over its planned expansion period (2018-2023).