January 14, 2006
Better, not bigger @ ACCION
A book called Bigger Isn't Always Better is not likely to be about the World Bank. But it does highlight an organization called ACCION and its leader, Maria Otero, who is dubbed "the leading banker to the world's poor." The World Bank arranges for hundred-million dollar loans to help alleviate poverty in developing countries. The money goes to governments and institutions. ACCION makes possible hundred dollar loans directly to poor people. One is top-down, the other bottom-up. Mega-finance and micro-finance; two sides of the same pro-growth coin.
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