Microfinance Institutions and Poverty Reduction: A Cross Regional Analysis

Attiya Yasmin Javid, Afsheen Abrar

Abstract


The alleviation of poverty is one of the most debated issues
among the academicians and policy makers. From 1950s to 1980s the
poverty reduction program has been based on increase the participation
of poor into the economy by better macroeconomic performance. Though the
poor part of population mostly engaged in informal sector1 is identified
by researchers but has not become the part of economic models and
government policy [Robinson (2001)]. Poverty reduction has been
institutionalised in 1944 when World Bank was set up. The World Bank
worked through governments and institutions by giving loans to
developing countries called structural-adjustment programmes. These
programmes were highly unsuccessful, created dependence on aid with
little help to poor part of societies [Murduch (1999) and Diop, et al.
(2007)].

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DOI: https://doi.org/10.30541/v54i4I-IIpp.371-387

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