Microfinance: The Newest Financial Technology of the Washington Consensus

Patrice Flynn

Challenge, 2007, vol. 50, issue 2, pages 110-121

Abstract: The revamping of the Washington Consensus includes a deepened interest in microfinance. Indeed, the recent winner of the Nobel Peace Prize was a pioneer in microenterprise development. This economist warns that worldwide institutional sponsorship of microfinance may be a new form of "charity washing".

Date: 2007

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