Terence Gallagher, de nacionalidad británica, es el jefe de inclusión financiera en BID Invest desde abril de 2018, con sede en Washington, D.C. Antes de su incorporación a BID Invest, se desempeñó desde 2008 como especialista en micro y pequeñas empresas y como responsable de las inversiones en América Latina y en África Subsahariana para la Corporación Financiera Internacional (IFC) del Grupo Banco Mundial en la oficina de Río de Janeiro. Terence comenzó su carrera como banquero de inversiones en Citigroup en Londres, Nueva York y São Paulo, en esta última ciudad se dedicó casi una década a brindar apoyo a los gobiernos y corporaciones de mercados emergentes para acceder a los mercados internacionales de capital. Desde 1999, se dedica a las microfinanzas, al principio trabajando como consultor para diversas organizaciones como Acción Internacional, Development Alternatives Incorporated y Planet Finance. Posee una maestría en economía de la Universidad de Cambridge, Reino Unido.
Access to digital transactions leads to the financial inclusion of the unbanked, underbanked and vulnerable populations, while boosting the resilience and growth of micro, small and medium-sized businesses.
Through the "silver economy", senior citizens are a source of business for the private sector. Financial inclusion of this growing population segment will create opportunities throughout the region.
The digitization of financial cooperatives, a fundamental component of the financial sector in the region, is accelerating. There are numerous examples of progress, from Ecuador to Jamaica, that provide grounds for optimism.
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 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 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.