Sunday, December 3, 2023

Critics of microcredit chastised

Experts hail role of microcredit in poverty reduction Experts and politicians yesterday came down heavily on the critics of microcredit for being too ruthless about the economic concept, which is credited to contributing to pulling out millions out of poverty. They said there are both positives and negatives of the theory championed by Bangladesh’s lone ... Read more

EU supports social business

European Commission president meets Yunus Strengthening social business and promoting innovative methods of accessible finance are not only a matter of justice but also a concrete way to help the poorest of the poor, European Commission President José Manuel Barroso has said. He said social business is also “a smart investment in our shared future. ... Read more