Showing posts with label Yunus. Show all posts
Showing posts with label Yunus. Show all posts

Saturday, March 05, 2011

Microfinance Alone Can't Cure Poverty

Father and Son - The Cycle of Poverty ContinuesImage by uncultured via FlickrMicrofinance is no magic bullet. Microfinance alone can't cure poverty.

Good governance, I think, is the first precondition. Yunus saw that. That is why he tried to launch a political party in Bangladesh a few years back. But looks like the politicians in Bangladesh have managed to unlaunch him instead.