Finance Specialization

GovLoop/NASPAA Scholarship Competition - Part II

GovLoop/NASPAA Scholarship Competition - Part II

Brian Footer

NYU Wagner has not just one, but two finalists in the national Public Service Scholarship essay-writing competition sponsored by the GovLoop social network for government and the National Association of Schools of Public Affairs and Administration. He's Brian Footer, who is working toward an MPA in Public and Nonprofit Management and Policy with a specialization in Financial Management.

Way to go, Brian!

Brian is one of 15 finalists. His essay was chosen from more than 170 submissions by judges from GovLoop and NASPAA. In the next and last phase of the competition, the three winning pieces on how to prioritize federal sending in fiscally constrained times will be picked by the GovLoop network of more than 50,000 members in an online vote, and will be eligible for a scholarship award of as much as $2,500.

"If the U.S. government had only $100 million left in the budget," Brian's thoughtful and well crafted submission begins, "I would begin devising a grant program to direct money to local governments in the pursuit of assisting the most fragile and disenfranchised populations. I believe government's inherent social value is establishing services essential to provide basic human needs. This, however, is not a mandate for government to deliver services. Rather, government should be a coordinator of parties and resources, and no one understands the unique demands of each geographic community better than local government."

The piece goes on to explain how the locally guided grant process would work.

Brian's own career as a passionate public servant is more than 10 years in the making.

He moved to New York City to work on Christine C. Quinn's successful campaign for re-election as City Council Speaker, and later served as the Speaker's Scheduler. Prior to arriving in the city, he lived in Washington, D.C., and worked on Capitol Hill, for the Democratic Governors Association as a fund raiser, and for the US Tax Court as a Clerk.

He is now a Legislative Policy Analyst to the New York City Council's Committee on Aging and Committee on Veterans Affairs.

Brian volunteers his time at the Abzyme Research Foundation, helping to advocate for development of abzyme technology in hopes of producing the world's first effective HIV vaccine and improved treatments. After two years of effort and dedication toward developing a small-donor program, Brian is a member of the Board of Directors.

He earned his Bachelor of Arts in Political Science and Prelaw from Ohio University.


Grameen Foundation appoints NYU Wagner grad Fernando Henao Velasco as Country Director for Colombia

Grameen Foundation appoints NYU Wagner grad Fernando Henao Velasco as Country Director for Colombia

Grameen Foundation has named recent NYU Wagner graduate Fernando Henao Velasco (MPA, 2010) as its new country director for Colombia. He will lead the organization's efforts to expand access to agricultural information and financial services for the rural poor via mobile technology, and the creation of tools and programs to improve the lives of farming families throughout the country.

A native of Colombia, Henao was previously the planning director of the Colombian Corporation for Agriculture and Livestock Research (Corpoica), the government agency that leads research and technology transfer for farmers. He also worked in Colombia's Ministry of Finance and the Office of the Government Advisor on Coffee Affairs, and was a consultant on local development for the United Nations Development Programme in New York. He holds a B.A. Economics and a J.D. from Universidad de Los Andes and his Master of Public Administration from NYU Wagner.

“I am thrilled to join Grameen Foundation and to work with an incredibly talented team at the country and global level to design and implement practical technology solutions to empower people living in poverty," he said. “Colombia is in the middle of an important transition that will enable us to reach and provide more economic opportunities to the millions of families living in rural areas. I look forward to building significant partnerships in Colombia and across Latin America that lead to measurable, meaningful improvements in the lives of these families."

Grameen Foundation has worked in Latin America for more than a decade. Since opening its office in Colombia in 2011, it has focused on designing solutions that harness mobile phones and local networks of people to help poor farming households increase their productivity and income, and improve their lives.

Half the world is 'unbanked,' says new Financial Access Initiative paper

Half the world is 'unbanked,' says new Financial Access Initiative paper

The Financial Access Initiative (FAI), a research consortium based at New York University's Robert F. Wagner Graduate School of Public Service, has identified that 2.5 billion adults worldwide do not have a savings or credit account with either a traditional (regulated bank) or alternative financial institution (such as a microfinance institution). Nearly 90% of the financially un-served live in Asia, Africa, the Middle East and Latin America. FAI published the findings in a November, 2009, paper, "Half the World is Unbanked" (click below to access it).

"Until now, the margin of error when considering the world's unbanked was about plus or minus a billion-unacceptable in any other field," said Jonathan Morduch, professor of economics and policy at NYU Wagner, managing director of the Financial Access Initiative, and author of Portfolios of the Poor, a new book examining the surprisingly sophisticated financial lives of the world's poor. "These findings are a real step ahead, and they show how better data can help policymakers truly target and serve poor populations with appropriate financial services."

The analysis also revealed new insights; for example, that India, a country with low per capita income and a large rural population, demonstrates much greater use of financial services than many relatively richer and more urban countries. The global data indicate that countries can improve levels of financial inclusion by creating effective policy and regulatory environments and enabling the actions of individual financial service providers. More than 800 million of those using financial services live on less than $5 per day, so it is possible to provide these services to very low-income communities-but there are still nearly 2 billion to reach.

The Financial Access Initiative (FAI) is a consortium of leading development economists focused on substantially expanding access to quality financial services for low-income individuals, offering the next generation of thinking about microfinance. FAI is housed at the Wagner Graduate School of Public Service at New York University and led by managing director Jonathan Morduch and directors Dean Karlan (Yale University) and Sendhil Mullainathan (Harvard University). FAI focuses on basic research and measurement tools that reveal the most effective means of implementing microfinance initiatives. FAI studies the value of microfinance by identifying the demand for financial services; the impact of financial access on incomes, businesses, and broader aspects of well-being; and mechanisms that can increase impact and scale of microfinance.




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