ODI worked with Cardano Development on this report to formulate its ‘Theory of Change’ (ToC) and a philosophy for develoment impact. The ToC refers to Cardano Development’s current activities as well as future possible developments.

This literature review establishes a stylised description of ‘typical’ underdeveloped financial systems and their gaps and deficits in supporting inclusive and stable econonmic growth, and how Cardano Development’s interventions will contribute to tackling these gaps and deficits (market failures).

To access the report, scroll to the bottom of the ‘Theory of Change’ section.