Do “Elephants, Mice and Gazelles” live in Latin America too?

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Elephants, Mice, and Gazelles – U.S. scholars argue that the enterprises can be categorized as one of these three animals: large but slow, quick but small, or small but growing rapidly. David Birch of MIT, who labeled the third category as gazelles in the ‘90s, shocked the world as his study showed that only 4% of the companies generated 70% of the jobs in the U.S. Since then, the study of gazelles has proliferated, and most of it concludes that promoting entrepreneurship is important because almost all net job creation is achieved by a disproportionately small group of firms. There are somewhat conflicting viewpoints yet to be reconciled, though.

viernes, 19 de abril de 2013/Author: Nobuyuki Otsuka/Number of views (28596)/Comments (0)/ Article rating: No rating

Seeking common ground on evaluating impact

“However beautiful the Strategy, you should occasionally look at the results." – Winston Churchill

Our MIF team – General Manager Nancy Lee, Claudia Gutierrez, Tetsuro Narita and me – recently spent two days with development experts and academics discussing and debating the importance of impact evaluation on Financial Inclusion programs. The retreat, co-sponsored by CGAP and DFID, was held in the shadow of Buckingham Palace at DFID’s offices, and included about 60 experts from development banks (ADB, CDC, DFID, MIF, EBRD, EIB, FMO, IFC...), foundations (Citi, Mastercard and Ford) and well-known scholars from IPA, Harvard and other institutions. The meeting was the brainchild of Alexia Latortue from CGAP, who saw a need to get a common understanding among funders and donors of the best evaluation methods, and also to spend time creating a “new impact narrative for Access to Finance.”

jueves, 24 de enero de 2013/Author: SANDRA DARVILLE/Number of views (13474)/Comments (0)/ Article rating: No rating

El Impacto de las Microfinanzas en América Latina: ¿Qué dice la evidencia?

Varias revisiones de literatura sobre el impacto de las microfinanzas fueron publicadas en los últimos años (aquíaquí y aquí), pero ninguna enfocada únicamente en América Latina. Y vale la pena hacer la distinción, porque las características del sector y de los clientes de microfinanzas en la región son diferentes al resto del mundo. El sector de microfinanzas en nuestra región ha crecido de tal manera en algunos países (Bolivia y Perú) que es una parte muy importante del sistema financiero formal. Los clientes son en general pequeños microempresarios que no tenían acceso a servicios financieros pero que en su mayoría están por encima de la línea de pobreza. ¿Qué efectos tiene entonces las microfinanzas bajo este entorno?

martes, 23 de octubre de 2012/Author: Claudia Gutierrez/Number of views (13376)/Comments (0)/ Article rating: No rating

Evidence-Gathering in Thailand

I recently traveled to Bangkok with two MIF colleagues to attend the second annual Impact and Policy Conference, sponsored by the Asian Development BankInnovations for Poverty Action (IPA), the Citi Foundation and the Abdul Latif Jameel Poverty Action Lab (J-PAL). The conference brought together over 200 researchers, policy makers, and international development specialists to go over the most recent impact findings on improving programs and policies for the poor. It was clear from the diverse list of participants, that donors and policy makers alike are actively seeking evidence with which to assess welfare outcomes on beneficiaries. There was consensus that financial outcomes are merely intermediary effects, and that what is ultimately sought are increases in things like consumption, health, asset building, housing investment, income smoothing, ability to withstand shocks, etc. Given these goals, research into what products and mechanisms lead to these outcomes is very important to ensure that resources go into programs that can deliver the desired impacts.

martes, 18 de septiembre de 2012/Author: SANDRA DARVILLE/Number of views (11352)/Comments (0)/ Article rating: No rating
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