Asim Ijaz Khwaja

Education is becoming an extremist battleground in Pakistan

Education is becoming an extremist battleground in Pakistan

January 29, 2016

By Tahir Andrabi and Asim Khwaja - The Washington Post

Education is a unique service – not only because it involves a country’s most precious resource, its children – but also because, by increasing human capital, it strengthens the state not only in the present, but in the future. The fact that this mutually bolstering interaction is one of the few things holding Pakistani society together is precisely why the Taliban wants to destroy it.

Some lenders are judging you on much more than finances

Some lenders are judging you on much more than finances

December 22, 2015

By James Rufus Koren - LA Times

“In banking, it's inconceivable that in the future we'll be making financial decisions in the way we do today. We're making decisions about people based on less than 5% of the information about them,” said Asim Khwaja, a professor of international finance and development at the Harvard Kennedy School who has studied alternative credit scoring in the developing world.

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Making Government Work - Kennedy School Group Aids 13 Nations in Solving Political Problems

November 10, 2015

By Christina Pazzanese - Harvard Gazette

It starts with the best of intentions. When policymakers push a new strategy or program, they usually do so believing their efforts will solve a problem or improve some vital aspect of life for the community. But when the rubber meets the road, things don’t always go as planned, especially in the developing world where administrative capacity, along with access to information and training, is weak.

Asim Khwaja on Evidence for Policy Design

Asim Khwaja on Evidence for Policy Design

September 29, 2015

By Doug Gavel - Harvard Kennedy School

When development economists conduct research, one of the goals is to help practitioners and policymakers create better policies in countries struggling with a host of educational, political, and financial challenges. Asim Ijaz Khwaja is the Sumitomo-Foundation for Advanced Studies on International Development Professor of International Finance and Development at Harvard Kennedy School, and co-director of Evidence for Policy Design (EPoD) at the Center for International Development.

NexThought Monday - The (Financial) Wisdom of the Crowd: How a group of non-experts outperformed traditional credit ratings at identifying good and bad borrowers

NexThought Monday - The (Financial) Wisdom of the Crowd: How a group of non-experts outperformed traditional credit ratings at identifying good and bad borrowers

March 9, 2015

By V. McIntyre - Next Billion

Determining risk has always been a hurdle for financial inclusion practitioners, as well as a barrier for small and micro-businesses looking to expand. But if non-traditional measures prove dependable, they may fill the information gap and make lending to poor entrepreneurs and small businesses more feasible...Working with the American P2P website Prosper.com, Asim Khwaja...and coauthors Rajkamal Iyer, Erzo F.P. Luttmer and Kelly Shue analyzed 194,033 borrower listings from the site, 17,212 of which were funded.

Day One at “Rethinking Financial Inclusion: Smart Design for Policy and Practice” Penicillin Versus the Magic Bullet, or, Why Data is Not a Mere Annoyance

Day One at “Rethinking Financial Inclusion: Smart Design for Policy and Practice” Penicillin Versus the Magic Bullet, or, Why Data is Not a Mere Annoyance

April 3, 2014

Posted by V. McIntyre, Freelance Writer for the Harvard Kennedy School
The Financial Inclusion 2020 campaign at the Center for Financial Inclusion at Accion is building a movement toward full financial inclusion by 2020. This blog series spotlights financial inclusion efforts around the globe, shares insights from the FI2020 consultative process and highlights findings from “Mapping the Invisible Market.”

Credit Score, by Multiple Choice

Credit Score, by Multiple Choice

December 30, 2013

By Sarah Wheaton - The New York Times
No credit? No problem — just take a test. DJ DiDonna, the chief operating officer of the Entrepreneurial Finance Lab, was recruited from Harvard Business School. That’s the message being delivered to more than 70,000 small-business owners in developing countries where credit ratings are rare and many potential entrepreneurs keep their money in cash rather than bank accounts.