Nobel Peace Prize 2006 Goes to Muhammad Yunus and the Grameen Bank – 14.10.06
Experts on microfinance, Prof. Edouard Dommen, President of the GIAN's Scientific Committee and Dr Bernd Balkenhol of the International Labour Office comment on the benefits of microfinance institutions (MFIs). They explain that while the poor undoubtedly profit from access to lending, MFIs themselves often fail to break even. The GIAN's project "Towards a More Rational and Transparent Promotion of Microfinance Institutions" intends to shed light on when and how MFIs should be subsidised by public money.
The articles with the input of Prof. Dommen and Dr Balkenhol: