the mif blog

For nearly five years, I have had the pleasure of serving as a senior consultant at the MIF. I came here after working for China’s central bank and for the Asian Development Bank in order to establish and nurture connections between my country and LAC—especially when it comes to exchanging experiences and information about microfinance and MSME development.

CariCRIS is a rating agency founded in 2004 in Trinidad & Tobago to serve the Caribbean region. Its major shareholders include the MIF/IDB, the Caribbean Development Bank (CDB), CRISL, the Indian credit rating agency majority-owned by Standard and Poor’s, ,and some central banks in the region.  The MIF provided grant and investment financing to help launch the company. When I was entrusted to look after the project in early 2013, CariCRIS had been operating at a loss for its entire history because it did not have enough clients, and was running out of capital.