Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs


The Book Is Cooked

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.

BBC Radio 4 on the Microfinancial System

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.

Yunus Resigns

Muhammad Yunus has resigned as Managing Director of the Grameen Bank.

Update: my thoughts are in the next post.

The resignation letter follows in English and Bangla:

May 12, 2011

Handing-over of the Charge of Managing Director