With a huge sigh and no little sheepishness at the lateness, I handed off the full manuscript of Due Diligence to the editor today. I started thinking about this project nine years ago, working on it five years ago, and writing it three years ago. The beast has 33 figures and tables, 359 references, 693 footnotes, and 110,000 words. I am tired.
CGD Policy Blogs
The BBC has done an in-depth (38 minute) radio piece on the Andhra Pradesh microfinance crisis. It distinguishes itself from other coverage (including another excellent BBC piece) by introducing the listener to actors at different points in the financial system that links investors in London to borrowers in Hyderabad. Like the earlier BBC story, it does a good job of conveying the ambiguities of the situation, though I sense an underlying skepticism of "financializing" the poor.
This story from the Indian broadcaster NDTV shows another side of the Andhra Pradesh crisis: entrepreneurs who have been hurt by the loss of access to microcredit.