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Item Details
| Title:
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FINANCIAL SECTOR POLICY AND THE POOR
SELECTED FINDINGS AND ISSUES |
| By: |
Patrick Honohan |
| Format: |
Hardback |
| List price:
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£12.95 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0821359673 |
| ISBN 13: |
9780821359679 |
| Publisher: |
WORLD BANK PUBLICATIONS |
| Pub. date: |
1 October, 2004 |
| Pages: |
86 |
| Description: |
With global enthusiasm for microfinance, policymakers and NGOs are unaware that mainstream financial sector development is as important for poverty reduction.The author finds that the scale of microfinance is small, contrasts between micro and mainstream finance are exaggerated, and evidence for the pro-poor effectiveness of microfinance is weak. |
| Synopsis: |
With the huge global enthusiasm for microfinance, many policymakers and NGOs are unaware that mainstream financial sector development is just as important for poverty reduction. It is often thought that promoting specialized microfinance institutions is the best or only way forward, but a strong mainstream financial system is also pro-poor; perhaps even more so. The author of Financial Sector Policy and the Poor finds that the scale of microfinance remains very small, the contrasts in style between micro and mainstream finance have been exaggerated, and evidence for the pro-poor effectiveness of microfinance is much weaker than is often supposed. He argues that the roles played by microfinance and mainstream finance in tackling poverty should be regarded as complementary and overlapping rather than as competing alternatives. This title presents new cross-country empirical evidence as on how financial sector policy can help the poor. In addition, this title reviews the scale, style, and effectiveness of the microfinance sector in comparison with mainstream finance. |
| Illustrations: |
Illustrations |
| Publication: |
US |
| Imprint: |
World Bank Publications |
| Returns: |
Non-returnable |
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