The fast-growing decentralized finance (DeFi) system—the collection of finance applications built on blockchain technology—holds promise for a new financial architecture that can eliminate the need for traditional intermediaries (such as banks, brokers, and exchanges) and reduce rents (excess profits) in the financial sector. But it also generates formidable challenges for […]

Estimates show that cutting the digital divide by half and ensuring that the internet is accessible to a majority within the next five years will require $2.1 trillion investment. Sustainable and social financing can advance digital inclusion and the achievement of the SDGs. Almost two years into the pandemic, the […]