Greta Bull, the former manager of the International Finance Corporation’s (IFC) Financial Institutions Group (FIG) Advisory Services, has been appointed CEO of CGAP (Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access. Ms Bull will begin serving in this role on September 1, 2015.
According to Gloria Grandolini, the chair of CGAP’s council of governors, “Greta Bull has a distinguished and diverse financial career, much of it in Latin America, Central and Eastern Europe, and in sub-Saharan Africa. Her excellent strategic skills and technical expertise in areas such as digital finance, microfinance, micro-insurance and agricultural finance will be an enormous asset to CGAP.”
As of 2013, CGAP reported operating expenses of USD 9 million. CGAP is co-located with the offices of the World Bank Group in the US city of Washington DC. IFC is the private-investment arm of the World Bank Group.
By Makai McClintock, Research Associate
About CGAP (Consultative Group to Assist the Poor)
CGAP (Consultative Group to Assist the Poor) is a US-based nonprofit policy and research center dedicated to increasing financial access to poor people worldwide. It is supported by approximately 40 development agencies and private foundations in its mission to provide market intelligence, promote standards and offer advisory services to governments, microfinance providers, donors and investors. CGAP reported operating expenses of USD 9 million as of 2013. CGAP is co-located with the offices of the World Bank Group in Washington DC.
About International Finance Corporation (IFC)
The International Finance Corporation (IFC), a US-based multilateral development bank and member of the World Bank Group, offers loans, equity investments and advisory and risk mitigation services to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2014, IFC has 184 member countries that drive its policies and approve disbursements. In June 2014, IFC reported net income of USD 1.4 billion, total assets of USD 84.1 billion, return on assets (ROA) of 1.8 percent and total investment mobilization of USD 38.1 billion.
Sources and Additional Resources:
CGAP Press Release: “Greta Bull Appointed New CEO of CGAP and World Bank Group Director,” http://www.cgap.org/news/greta-bull-appointed-new-ceo-cgap-and-world-bank-group-director
MicroCapital Universe Profile: CGAP (Consultative Group to Assist the Poor): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CGAP+%28Consultative+Group+to+Assist+the+Poor%29
MicroCapital Universe Profile: International Finance Corporation (IFC):
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Finance+Corporation+%28IFC%29
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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