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Equitable Access to Financial Services: Is Microfinancing Sufficient?
The author acknowledges the importance of Micro-finance institutions in ensuring access to financial services. However, he argues, public policy must include direct lending to reach enough of the poor.

"The 2006 Global Microcredit Summit pledged to provide microfinance to 175 million poor households by 2015. Governments and development agencies support the expansion of MFIs. For instance, the International Finance Corporation bought over US$ 1 million in shares in the Accion Micro Finance Co more...
July 11, 2008
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