For all its faults, Facebook does not lack ambition. The company’s announcement last week that it, along with other members of the newly-formed Libra Association, intends to create a new global digital currency is big news for global finance and the future of money.
CGD Policy Blogs
In many developing countries health supply chains function poorly, resulting in frequent stockouts and many substandard and even falsified medications—which undermine treatment effectiveness and raise the risk of antimicrobial resistance.
In our recent paper published by GSMA, we examined two approaches to conducting customer identification, verification, and due diligence (collectively referred to as “know your customer” or KYC) that make it easier for financial service providers to take on new customers: tiered KYC and electronic KYC (e-KYC). Of the two, e-KYC is the more promising long-term approach, but also the more challenging to implement.
Developing countries are seeking more control over their citizens’ data—leading them to policies that put the open nature of the Internet at risk, says a new CGD paper.