Global Forum on Remittances 2013 - IFAD

<strong>Global</strong> <strong>Forum</strong> on Remittances 2013
Speakers’ biographies
2009 Director of the Financial Policy Division, FSC
2008 Director of the Administrative Reform Division, FSC
2007 Director of the Insurance Division, FSC
2006 Director of the Non-bank Supervision Division, FSC
1990 Deputy Director, Ministry of Finance
SESSION: 4 – PANEL: 2
TITLE: Private Sector Initiatives in Creating Enabling remittance Markets
DATE: 20 MAY 15.45 – 17.00
Moderator
Donald F. Terry
Professor, Development
Finance,
Boston University
School of Law
BIOGRAPHY
Donald F. Terry is an expert in matters involving financial inclusion,
particularly remittances and microfinance, as well as governance issues
involving small enterprises, and non-governmental organizations (NGOs).
Mr. Terry was the General Manager of the Multilateral Investment Fund
(MIF) of the Inter-American Development Bank (IDB) from its inception in
1993 until July 2008. The $1.8 billion Fund, sponsored by 39 donor
countries, promotes broad-based economic growth and poverty alleviation
through private sector development.
Under Mr. Terry‘s leadership, the MIF helped to transform Latin American
microfinance into a commercially sustainable industry, which now reaches
approximately twenty million clients, and serves as a model for the rest of
the developing world.
For more than a decade, Mr. Terry has been a leading advocate for
leveraging the potential of remittances as a development tool. It is
estimated that worldwide remittances now exceed $350 billion to
developing countries, directly affecting the lives of more than two hundred
million families around the world.
Currently Mr. Terry consults with the World Bank and the African
Development Bank, working throughout the African continent, creating
programs to alleviate poverty through enterprise development. He serves
on the Advisory Board of ACCION International, and its Center for
Financial Inclusion. He provides strategic advice to several bi-lateral
donors and international organizations.
He is a professor of development finance at Boston University Law School,
and a Senior Fellow at the Boston University Center for Finance, Law, and
Policy. He is also a Fellow at the Center for Strategic and International
Studies in Washington, DC.
Before joining the MIF, Mr. Terry served as Deputy Assistant Secretary of
the Treasury for International Affairs, where he received that Department‘s
Meritorious Service Award in 1980. From 1982-1993, Mr. Terry served as
Staff Director of three Congressional Committees.
Mr. Terry holds a bachelor's degree in Political Science from Yale
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