Friday, June 11

Microfinance among the Populists

Populist governments across Latin America are re-shaping the environment in which microfinance institutions (MFIs) provide financial services to low income people. The proposals of these governments are similar -interest rate caps that are politically attractive but unfeasible, public intervention in financial services (as they have nationalized other industries) and a politicized approach to credit.  Elisabeth Rhyne, Managing Director, Center for Financial Inclusion.  Read more