Beatriz Armendáriz is a Senior Lecturer in the Economics Department at University College London, on leave from the Economics Department at Harvard University. She is affiliated to the Centre for European Research in Microfinance (CERMi), the Harvard David Rockefeller Center for Latin American Studies, and the UCL Institute of the Americas.

She has written extensively in refereed journals, co-authored (with Jonathan Morduch) the first and second edition of “The Economics of Microfinance”, and has recently co-edited “The Handbook of Microfinance” (with Marc Labie).

Grameen Trust Chiapas is a microfinance institution in southern Mexico that was founded by Beatriz. She is also a Board member of Grameen Crédit Agricole Microfinance Foundation, a member of the Scientific Committee of YouthSave, and is an adviser to WaterLex.

Beatriz Armendariz


The Economics of Contemporary Latin American Economy, joint with Felipe Larraín, Cambridge, MA: MIT Press, 2017

The Economics of Microfinance with Jonathan Morduch

The Handbook of Microfinance, co-edited with Marc Labie, London, 2011. Singapore-USA: Word Scientific Publishing, 2011.

Economia de las Microfinanzas


University College London
UCL Institute of the Americas
Centre for European Research in Microfinance (CERMi)
Harvard David Rockefeller for Latin American Studies
Grameen Crédit Agricole

Editorial Boards

June 2014

Appointed member of the Editorial Board, World Development

May 2014

Appointed member of the Editorial Board, Italian Journal of Economics in SIE

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The Economics of Contemporary Latin America

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“The Economics of Contemporary Latin America is a superb contribution to our understanding of the region’s economic and social transformation. The authors thoroughly dissect the main forces driving economic changes since the independence movements in the region, cover a lot of the scholarly research, and distill policy lessons to address continuing challenges. The result is a unique and valuable resource for understanding the economics of Latin America.”
Christine Lagarde, Managing Director for the IMF

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The Economics of Microfinance

2nd Edition Endorsements

The Economics of Microfinance

“Anyone interested in the science behind microfinance must read this impressive book. It is written with experience in microfinance and a deep understanding of economics.” - Muhammad Yunus, Nobel Peace Prize Laureate (2006)

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