ブックタイトル佐藤栄作論文集９～１６

概要

佐藤栄作論文集９～１６

private sector financial resources in microcredit by providing guarantees covering“political risk and currency upsets”just as the World Bank does to entice privateinvestors into financing large projects in the developing world. 28(5’) To promote microcredit, UNMCA makes“the investment environment”morefavorable to microlenders by prodding governments into reforming their tax andmonetary systems (especially control on interest rates), making their financial systemsmore transparent, and improving their judiciary systems to protect both lenders andborrowers.(6’) In addition to short-term quantitative evaluation, long-term and qualitativemonitoring is crucial if microcredit programs are to be viable. The latter can onlybe done by placing UNMCA’s staff on site permanently. Establishing branch officeswill enable UNMCA to monitor borrowers’participation in meetings and lenders’management style, among other things, to fashion the best financing model for specificcommunities while at the same time identifying and correcting problems associatedwith the ongoing programs.In response to recent financial and social crises occurring in many countries inAsia and elsewhere, the IMF and the World Bank have been obliged to providestaggeringly expensive“rescue packages.”To a significant extent, these crises werethe result of financial globalization, i.e., the inflows and outflows of vast investmentsand loans to large corporations and financial firms in those countries. In the wake ofthese events, nobody should criticize the establishment of an UNMCA as still anotherexpensive international bureaucracy the international community can ill afford. Byhelping to build and consolidate civil society through empowering the most vulnerablesegments of society -- particularly poor women -- UNMCA, in cooperation with otherrelevant UN agencies, would make the global South less vulnerable and more resistant69028 The Economist, (July 27, 1996).