News and Press Releases

October 12, 2010
CGAP recognized three microfinance asset managers as being “best in class” for their commitment to environmental, social, and governance (ESG) issues in their investment decisions.
October 6, 2010
Groundbreaking study shows potential for microfinance institutions to serve small savers profitably through cross-selling, fees, and use of new technologies.
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September 28, 2010
The initial public offering (IPO) of Indian microfinance lender SKS marks a critical transition for microfinance, say the authors of a new CGAP paper, “Indian Microfinance Goes Public: The SKS Initial Public Offering” because it proves that accessing capital markets is a viable proposition for microfinance institutions.
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September 16, 2010

Even as economies globally were contracting as a result of the financial crisis in 2009, access to formal finance in developing countries grew. An estimated 2.7 billion people around the world have no access to formal financial services. But the picture of financial inclusion is shifting, finds a new report by CGAP and the World Bank Group.

August 31, 2010

CGAP today announced that Tilman Ehrbeck will be its new CEO. Ehrbeck, a Partner at McKinsey & Company, will succeed Elizabeth Littlefield, who was recently appointed President and CEO of OPIC (Overseas Private Investment Corporation). The CGAP CEO is also Director at the World Bank Group.

June 28, 2010

CGAP welcomed this weekend’s announcement by the Group of 20 (G20) Leaders that they have developed a set of “Principles for Innovative Financial Inclusion” that will support efforts to accelerate the delivery of financial services to the poor using innovative approaches.

June 24, 2010
The Senate has confirmed the appointment of former CGAP CEO Elizabeth Littlefield to head the Overseas Private Investment Corporation (OPIC).
June 15, 2010
Harnessing the power of technology could dramatically increase access to financial services for poor people around the world says CGAP and the Alliance for Finance Inclusion (AFI). But it will only happen if regulators and private firms strike the right balance between protecting customers and allowing innovation in branchless banking to flourish—a balance that is now being seen delivering results in some countries, especially in Africa.
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April 22, 2010
Amid tightening government budgets and a tough investment climate in the wake of the financial crisis, microfinance institutions (MFIs) are recognizing the need to clearly show that their activities target and benefit the poor. CGAP is encouraging MFIs to show their commitment to transparency through the Social Performance Reporting Awards, administered by the Microfinance Information Exchange (MIX).
March 16, 2010
CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank have joined forces to challenge the Islamic microfinance industry to develop new ideas for business models in the Islamic Microfinance Challenge 2010: Innovating Sustainable, Scalable, and Market-Driven Models.

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