the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Is Latin America and the Caribbean ready for the digital era?

By Guest

The Digital Revolution, sometimes referred to as the Fourth Industrial Revolution , has been ushered in by new digital technologies that are transforming the personal, business, and government spheres, and how these three interact.

10 ways to organize for digital innovation in financial services

By FOMIN

Sonja E. Kelly, Center for Financial Inclusion at Accion & Sergio Navajas, Multilateral Investment Fund, Inter-American Development Bank

Financial institutions of all sizes around the world are joining the digital revolution. In our work and research at the Center for Financial Inclusion at Accion and the Inter-American Development Bank we have seen some best cases of institutions shifting toward digital as well as some failures. At the end of this month we’ll be discussing strategies to pursue digital innovation as part of the Foromic in Buenos Aires. (Join us for our session on Tuesday, October 31st at 11:15 am!) In the meantime, for institutions that want to start down the path of digital innovation, here are a few of our top strategy suggestions.

Unlocking the data treasure chest hidden in your inbox

By Irani Arraiz

I am fascinated by debt: the advance of cash today against the mere promise of payment in the future.  A promise that depends crucially on trust and knowing who the borrower is. For that, financial institutions rely mainly on credit bureaus. But not every country has a perfectly functioning credit bureau, in which case access to credit suffers.

Finding the right type of financing for impact enterprises

By Elizabeth Boggs Davidsen

Large-scale affordable housing projects, wind farms, and small-scale diagnostic health clinics are just some examples of the wave of impact enterprises that have been emerging over the last decade, seeking to address social and environmental needs in addition to making profits. The unique characteristic of these impact enterprises is the expectation of a net positive social or environmental benefit, whether through their product or service, or in the way they create value for the communities they serve. Some may be extremely profitable; others may more closely resemble nonprofit organizations. What most of them share is a difficulty in finding capital that aligns to their needs and enables their growth.

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