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Keir Macdonald

Research Officer

Keir is a Research Officer in the Business, Markets and the State cluster. He has a background in the finance sector, researching investment strategies and working with investment managers specialising in renewable energy, infrastructure, and real estate. His interests include the role of public and private financing in development and the future of social impact and responsible investing. He is also interested in financial inclusion, with a focus on financial literacy education.

Prior to joining IDS, Keir worked for five years at Redington Ltd., a London-based investment consultant. Keir worked on the manager research team, where his primary role was to lead the research into investment strategies and investment managers in renewable energy, infrastructure, and real estate, involving in-depth qualitative and quantitative analysis. Until recently he also co-ran RedSTART Educate, a charity focusing on financial education for young people in the UK, and he is now helping to lead their impact assessment programme. He has just completed his MA in Development Studies at IDS, including writing a dissertation exploring the different actors affecting financial education policy and implementation in developing countries.



K4D Prosperity Fund COVID-19 Evidence and Learning Initiative

This Evidence and Learning Initiative was a cooperation with the Prosperity Fund (PF). It helped to ensure that in the current context of COVID-19, changes to the existing PF portfolio (and investments in new ones) are informed by and contribute to the evidence base on how the pandemic is...


IDS China Centre

The IDS China Centre, part of the IDS International Initiatives, provides research focus on a country transforming global geopolitics due to its strategic importance, role in the global south and its commitment to development. It recognises that tackling universal challenges such as climate...


CDC Longitudinal Development Impact Study

The CDC Group plc is a Development Finance Institution (DFI) wholly owned by the UK government. Its mission is to support the growth of businesses and infrastructure development throughout Africa and South Asia in order to create jobs and make a difference to people’s lives in some of the...


Keir Macdonald’s recent work


Business, Markets and the State

The debate on the role of business, markets and states in development has a long history, marked by divergent and often strongly held perspectives, but also relatively rapid shifts in understanding about what is feasible and desirable. Only two decades ago debates were framed in terms...