Introductory Post

Akhil D -

Hey everyone! My name is Akhil Durvasula, and welcome to my blog! I plan to pursue a career in business, with a specific interest in finance and consulting.

With my senior project, “Assessing Development Finance Institution activities in developing countries,” I hope to quantify the impact of Devleopment Finance Institution (DFI) activity in developing economies, and project future economic outcomes in these countries. I‘ll explore the existing DFI initiatives in the region, assess their impact on the development of African economies, and contemplate potential strategies to enhance the efficiency and effectiveness of DFI investments. Additionally, I’m keen on investigating the future trajectory of DFI activities in Africa, especially amidst the escalating economic nationalism and isolationism that are defining today’s world.

I was exposed to this subject early in high school, and I have always wanted an opportunity to research this topic further under the guidance of seasoned executives and professionals. I am thrilled to have the opportunity to collaborate with my onsite advisor, Ravi Gupta, a Managing Director at the consulting and accounting firm Ernst & Young. His expertise and guidance will undoubtedly enrich my research journey, providing valuable insights and perspectives from the field of finance and consulting. Ernst & Young has directly worked with dozens of DFIs, governments, and other financial institutions, and I am excited to gain valuable insights from them. Moreover, their expertise in both accounting and consulting will provide me with a diverse array of insights and opinions that I can include in my project.

More information about Ravi’s work can be found at https://www.ey.com/en_us/people/ravi-gupta, and information on Ernst & Young can be found at https://www.ey.com/en_us.

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Comments:

All viewpoints are welcome but profane, threatening, disrespectful, or harassing comments will not be tolerated and are subject to moderation up to, and including, full deletion.

    rohan_k
    Sounds like an interesting phenomenon that I haven't thought about before. The possibility of DFIs hurting developing countries rather than aiding them. Where does the money for DFI investments come from?
    Alana Rothschild
    I know that you have a personal connection to making a difference in Africa, so I really love your project! Not only will you gain valuable experience in your areas of interest, but you will also be collecting data that could potentially help make a difference. Great job!
    Akhil Durvasula
    DFIs get funded in many different ways! However, the most common ways include: 1. Paid-in capital contributions from member countries 2. Borrowing money from international capital markets 3. Using their retained earnings (money made from previous investments) 4. Receiving grants and donor funding 5. Partnerships and co-financing projects with other DFIs 6. Returns on Investments from current projects

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