Als wichtigstes Finanzierungsinstrument hat sich in der Dritten Welt die Durchleitung subventionierter Kredite über Entwicklungsbanken herausgebildet. Die Folge war: Die Ersparnismobilisierung wurde übergangen, das informelle Finanzwesen ignoriert, die Tragfähigkeit von Finanzinstitutionen...

The evidence from selected Asian countries shows that: ? Microfinance on the whole has weathered the crisis well. The strongest of the microfinance systems in the region, the BRI unit system in Indonesia, has emerged from the crisis even stronger than before, characterized by a surge in savings...

Informal financial institutions (IFIs), among them the ubiquitous rotating savings and credit associations, are of ancient origin. Owned and self-managed by local people, poor and non-poor, they are self-help organizations which mobilize their own resources, cover their costs and finance their...

By the mid-1970s, in virtually all of Africa, strategies of modernization and technology transfer had clearly failed to initiate self-sustained processes of development. Government intervention and centralized planning had spurred economic disaster, rather than growth. In the world of finance,...