CGD Policy Blogs
A crisis is unfolding in India's microcredit sector that-- beyond its immediate effects on borrowers and lenders-- will greatly affect the future of financial services for the poor.
This post is originally appeared on Owen Abroad: Thoughts from Owen in Africa.
IMF governance reforms were agreed the week before the G20 Summit. One decision – to increase IMF resources but not by much – may matter for the IMF’s role in a still-unsettled Eurozone – if Ireland’s problem becomes Portugal’s and so on.
For a full and nicely balanced assessment of the reforms from Ted Truman, including on resources, go here. Among other things, unpacks a couple of little-known and little-understood facts that are (though he doesn’t say so directly) about the role of the USA – the poor man with good ideas.
UNAIDS, WHO, PEPFAR and the Global Fund for AIDS TB and Malaria (GFATM) all depend on long-run projections in order to make the case for increased attention and financing for AIDS. This dependency is a response to the reality that HIV is a slow epidemic with extraordinary “momentum”. Even small changes in the course of new infections require years to implement and have health and fiscal consequences for decades thereafter. According to the UNAIDS web site, “[s]ince 2001, the UNAIDS Secretariat have le
The Chinese Year of the Tiger will soon cede to the Year of the Rabbit and, from a climate perspective, some might view the transition as apt. Since last December, after all, the heroic agenda of Copenhagen has morphed into the timid menu of Cancun. But appearances can be deceiving in the climate game, and a tiger remains crouched in the wings. Nick Stern recently invoked it:
Ramesh Arunachalam's blog is following and commenting on the Andhra Pradesh microcredit crisis in detail. At least for an American outsider like me, the blog is a bit awkward and disorienting---there is no explanation of who the "Indian Micro-Finance Blog Team and Ramesh Arunachalam" are. But if you persist in perusing, you'll find content found nowhere else. It seems as if the author(s) come from the microfinance industry and yet are quick to criticize it, which gives them credibility.
MicroSave is a consulting organization that specializes in designing financial services for the poor from the basis of a strong understanding of client perspectives. They have people in the India, the Philippines, Uganda, and Kenya. Never heard of them? I have to say, among microfinance organizations, they are rather awkward in public. But if their outreach to people like us isn't slickest, perhaps that is because they spend their time talking to clients and industry insiders, developing subtle insights.