Finance Against Poverty

The author presents a personal view of an international conference on the use of financial services in the reduction of poverty, held at Reading University in the UK, with participants from NGOs, academic institutions, and Micro Finance Institutions (MFIs), as well as donors. The conference, according to the author, paid insufficient attention to the nature of poverty, measuring it in economic terms only, and failed to make clear potential difficulties with subsidised credit schemes, as well as putting forward a simplistic conception of financial technology transfer.