The Global Financial Crisis: What does it mean for microfinance?

In most past financial crises – like those of the 1990s in Asia, Mexico, and Russia – financial services for poor people have been remarkably resilient. In fact, the quality of the loan portfolios of microfinance institutions (MFIs) during the Asian crisis and in Latin America during various banking crises barely quivered, while corporate portfolios… Read More The Global Financial Crisis: What does it mean for microfinance?

Annual report on EC aid reviews progress towards better delivery

The European Commission disbursed € 8.5 billion in aid during 2007, representing 9% of total Community expenditures, according to the recently released annual report on EC aid. Top regions for EC assistance were Sub-Saharan Africa (33%), Asia (17%), and Europe (16%); and 23% of aid was given through budget support. In its review of the… Read More Annual report on EC aid reviews progress towards better delivery