Academic analyses and impact evaluation studies produced by the international development community almost all conclude that the microfinance model has made an important net contribution to the economic and social recovery of post-war Bosnia and Herzegovina (hereafter Bosnia). However, as we now...

This paper looks at the progress with the microfinance model in post-conflict Bosnia. It analyses why the evidence clearly indicates that has begun to fail as a development model and the international development community has made a major policy mistake in promoting it. It analyses some of the...

Since the end of the Kosovo war in 1999, increasing attention has been paid to the problems of economic development and reconstruction in South-East Europe. In a context of limited resources, small and medium sized enterprises (SMEs) have a key role to play in creating jobs and building a...