Elizabeth Littlefield is a director of the World Bank and the chief executive officer of CGAP. Previously she was the managing director of JP Morgan’s Emerging Markets Capital Markets in London. As such, she was responsible for all bond offerings, structured financing, and credit ratings for emerging Europe, Middle East, Africa, and Central Asia. She has served on many corporate and nonprofit boards and founded several not-for-profit organizations. A U.S. and U.K. citizen, she is a graduate of Brown University in Rhode Island and also studied at the École Nationale de Sciences Politiques in Paris.
Although serious abuses may be in the minority, the microfinance sector is not without flaws – or temptations. Some highly competitive markets put considerable pressure on costs to the detriment […]Continue Reading