"Lack of access to electricity is one of the major impediments to growth and development of the rural economies in developing countries. That is why access to modern energy, in particular to electricity, has been one of the priority themes of the World Bank and other development organizations....

Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule...

This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics have argued in recent years. Analysis of data from a long panel survey over a 20-year period confirms this is not the case, although numerous participants have been with...

Preface -- About the authors -- Abbreviations -- Introduction -- Rural nonfarm growth and poverty reduction -- Institutional growth and MFI performance -- Dynamics of microfinance benefits -- Are borrowers overindebted? -- Role of microfinance in poverty transition -- Diversification of income...