CGD Policy Blogs
Hillary Clinton passed through Bangladesh last weekend and publicly expressed her strong support for Muhammad Yunus and the Grameen Bank. "I don’t want anything that would in any way undermine what has been a tremendous model." She also visited Yunus, whom she has known since 1986.
Rupert Scofield has replied to my retort to his review, etc. Clearly neither of us has swayed the other much, but I appreciate the friendliness and honesty, not to mention vividness, of his latest post.
He has conceded to me the argument over what the economic studies say. So his main thesis now is:
If you follow microfinance blogs, you probably know that the World Bank has released a big database called Global Findex. With muscular funding from the Gates Foundation, the World Bank ran an ambitious polling project to learn about what financial services people use and how they use them---or why they don't. Some 150,000 people were interviewed in 148 countries. And that's just the first round: the surveys will be repeated, the grant lasting 10 years.