Digital transformation, Big Data and impact assessment: shared challenges to advance development

A delegation from the Consultative Group to Assist the Poor (CGAP), led by its executive director, Greta Bull recently visited BBVA Microfinance Headquarters in Madrid.

Interested in the Foundation’s work, the CGAP team met with the BBVAMF CEO, Javier M. Flores, and with directors  where they discussed the prevalent challenges in the sector such as digital transformation, data, impact assessment and value creation for low-income entrepreneurs.

Both institutions, aside from maintaining this strategic dialogue on these areas, also showed interest in working together. “We are now very focused on how technology can be of better service to the poor and our vision in this sphere fully matches that of the Foundation’s”, shared Greta Bull.

In November, CGAP’s CEO also shared the challenges and opportunities faced by financial inclusion within the new digital economy during the 6th Leadership Meeting of the BBVAMF held in the Dominican Republic. 

CGAP is a consortium within the World Bank Group formed by more than 30 development organizations (multilaterals, bilaterals and foundations) committed to the poor population’s financial inclusion.