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Nancy Lee is a senior policy fellow at the Center for Global Development and a senior advisor at the Center for Strategic and International Studies. Her work at CGD focuses on the role of development banks in mobilizing private finance and increasing development impact. Previously, she was the deputy chief executive officer of the Millennium Challenge Corporation (MCC), an innovative, independent US aid agency that fights poverty through country compacts that support inclusive growth. Key MCC attributes are rigorous country selection, country ownership of compacts, data-driven resource allocation, results accountability, and transparency.
Prior to joining MCC, Dr. Lee was the general manager (CEO) of the Multilateral Investment Fund (MIF) at the Inter-American Development Bank, the Bank’s laboratory for private sector-led development and a key impact investor in the region. Under Dr. Lee's leadership, the MIF launched initiatives in lending to women-owned SMEs; a public-private partnership to scale youth job training programs; a program to introduce social impact bonds to the region; innovative climate finance models; and a crowdsourcing platform for development solutions.
Previously, Dr. Lee served at the US Treasury Department, where she was deputy assistant secretary for the Western Hemisphere and for Europe and Eurasia. She led Treasury’s work to put financial inclusion, SME finance, and women’s access to finance on the G20 agenda. She co-chaired the G20 SME Finance Group and led the development of the G20 SME Finance Challenge and the SME Finance Innovation Fund. She was a Treasury negotiator in the Uruguay Round of trade negotiations. Dr. Lee is a member of the Council on Foreign Relations and holds a PhD and an MA in economics from Tufts University and a BA in economics from Wellesley College.
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 this CGD Essay, visiting fellow Nancy Lee provides the full details and policy recommendations for a strategy of regional investment integration in the Americas. The essay, excerpted from her chapter in the forthcoming White House and the World: A Global Development Agenda for the Next U.S. President, builds on a previously published CGD Note by specifying the scope of the proposed agreement, outlining its expected gains, and identifying the initial steps the United States could take to encourage a fresh agreement to be reached.