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Fostering financial innovation for the poor The policy and regulatory environment

Paul McGuire is a consulting associate of FDC, for which he has researched issues relating to microfinance and financial systems policy, as well as the assessment of microfinance institution capacities. He was principal researcher for a major study of the policy and regulatory environment for microfinance in nine Asian countries in 1997, conducted for FDC, as well as a study of the role of central banks in microfinance, prepared for the Asian Development Bank. Mr McGuire also prepared an assessment of the status of microfinance in the small island states of the Pacific for the United Nations Development Programme in 1996, and is the author of numerous articles and monographs on microfinance. He has worked as an economist for the Australian Treasury, the Organisation for Economic Cooperation and Development, the Government of the Cook Islands, and (currently) the Queensland Treasury. Dr John Conroy is special consultant to FDC, having previously served as its executive director for nine years from 1991. He is co-author of several FDC monographs on microfinance, including those dealing with NGO-commercial bank linkages and the policy and regulatory environment for microfinance in Asia, as well as a study of the role of central banks in microfinance, prepared for the Asian Development Bank. Dr Conroy has worked for extended periods in Indonesia and Papua New Guinea, and has published on development issues in a number of sectors, including education, labour and human resources, population and family planning, human settlements and shelter, and development cooperation policy as well as microfinance.