Author Bio
Terence Gallagher
Terence Gallagher is a British national, based in Washington. He began his career as an investment banker at Citigroup, where he spent 9 years supporting emerging market governments and corporates access the international capital markets, working from London, New York and São Paulo. Since 1999, he has dedicated himself to Microfinance, initially working as a consultant for diverse organizations such as Accion International, Development Alternatives Incorporated, and PlaNet Finance. He joined the IFC in 2008 in Rio de Janeiro where he spent 10 years as a Specialist for Micro and Small Enterprise Finance, responsible for investments in Latin America and Sub-Saharan Africa. As of April 2018, Terence moved to Washington to join IDB Invest as head of Financial Inclusion. He has a Masters degrees in Economics from the University of Cambridge, UK.
Posts by Terence Gallagher
Amid the Pandemic, Governments and Multilateral Development Banks Must Continue Supporting Financial Institutions
Governments and multilateral development banks in Latin America & the Caribbean are playing a critical role in supporting financial institutions amid the pandemic, but must be ready to up the ante as the ultimate effects of the lockdown measures become evident in the financial sector, especially key microfinance institutions
Financial Institutions Are Withstanding the Crisis, but Uncertainty About the Future Persists
Financial systems in Latin America & the Caribbean are performing well in times of COVID-19, and are better prepared for the crisis than ever; however, this doesn't mean that they are immune, and a protracted downturn may test their resilience
Financial Inclusion, Key to Latin America & the Caribbean's Recovery
Financial inclusion is playing a fundamental role in Latin America & the Caribbean's economic response and will be essential for its economic recovery: such is one of the main conclusions of the Global Microscope 2020 report.
Does Access to Credit Make People Better or Worse Off?
Traditional credit screening approaches are based on qualifications that many low-income applicants do not have: credit histories, collateral, and verifiable income streams. What if these applicants could be assessed differently?
Banking Agents, On the Frontlines of Financial Inclusion
Banking agents, or small shops contracted by banks to process client transactions, are laying the foundation for the digital transformation of the financial sector. They have also become a safer channel for clients to get cash during the pandemic.
How to Turn the Pandemic into an Opportunity for the Silver Economy
COVID-19 has stressed the need to accelerate financial inclusion through the digitization of the silver economy, that which includes older adults. This is a population segment that is increasingly tech-savvy and highly involved in business and investment.