The executive committee of US-based nonprofit CGAP (Consultative Group to Assist the Poor) recently elected Carolina Trivelli to be its new chair as of June 30. She is the CEO of Peruvian e-money platform Pagos Digitales Peruanos and serves as senior researcher at the Peruvian think-tank Instituto de Estudios Peruanos. Ms Trivelli, who previously served as Peru’s Minister of Development and Inclusion, will replace Kazuto Tsuji after he finishes his five-year term.
Based in Washington DC, CGAP is a policy and research center dedicated to increasing financial access worldwide by providing market intelligence, promoting standards and offering advisory services to governments, microfinance providers, donors and investors. As of June 2016, CGAP reported annual donor contributions totaling USD 26.8 million and operating expenses of USD 26.4 million. CGAP is co-located with the offices of the World Bank Group.
By Sascha Strobl, Research Associate
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