Conventional banking practices do not easily accommodate the financial needs of poor persons. Group-lending, on the other hand, has found several advantages in the context of poor borrowers with no collateral to offer. An important advantage is that the bank's losses due to unsuccessful projects...

El documento analiza la equidad en la asignación del gasto público, con el propósito de determinar el grado de desequilibrio vertical y horizontal, que constituyen los principales argumentos para las diferencias intergubernamentales. Además, evalúa cómo está influyendo esta asignación en...

Micro-Credit and Group Lending:The Collateral Effect

The HIPC Initiative In Bolivia

The paper analyzes the Bolivian experience in switching from an old publicly managed pay-as-you-go pension system to a privately managed, fully funded pension system.

Entrepreneurship and innovation by actors in the market for non-timber forest products (NTFPs) cannot be fully understood without a proper understanding of the position and behaviour of actors in the value chain of NTFPs. This paper places the market for NTFPs in the emerging literature on value...

Entrepreneurship and innovation by actors in the market for non-timber forest products (NTFPs) cannot be fully understood without a proper understanding of the position and behaviour of actors in the value chain of NTFPs. This paper places the market for NTFPs in the emerging literature on value...