A Multilateral donor triumphs over disbursement pressure : the story of microfinance at Banco do Nordeste in Brazil (Арабский)

The CrediAmigo microfinance program in Brazil, managed by the Banco do Nordeste (BN) shows how an international financial institution like the World Bank can be a useful catalyst in the development of microfinance retail capacity. The Bank's patient, phased support to BN as it designed, launched, and nurtured CrediAmigo, goes against the common perception that multilateral banks always focus on large near-term disbursements, to the detriment of longer-term...
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