POLB90H3 Lecture Notes - Lecture 12: Grameen Bank, Microfinance, Conditionality
Document Summary
Dealing with local deficit in the wake of neo liberalism ideas to address the deficit. Brac: doesn"t follow these practices but in general a majority of m. f loans followed this philosophy. Heavily indebted poor countires initiative (hipc) effort to eliminate unsustainable debt in the world s poorest countries and reduce poverty. Qualifications: had to have a heavy debt burden -> had to have a prudent, imf supervised economic programs -> saps. Poverty reduction program with civil society participation ( poverty reduction strategy papers, Prsps) commitment to neo liberalism but responding to criticism that programs imposed in an undemocratic way therefore had civil society organization involved. 35 are receiving debt relief and engaged in this process of poverty reduction -> Imf and wb argue that this initiative important for the mdgs and sdgs -> this was their contribution to poverty reduction by having these programs.
