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Microfinance: The Newest Financial Technology of the Washington Consensus

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  • Patrice Flynn

Abstract

The revamping of the Washington Consensus includes a deepened interest in microfinance. Indeed, the recent winner of the Nobel Peace Prize was a pioneer in microenterprise development. This economist warns that worldwide institutional sponsorship of microfinance may be a new form of "charity washing".

Suggested Citation

  • Patrice Flynn, 2007. "Microfinance: The Newest Financial Technology of the Washington Consensus," Challenge, Taylor & Francis Journals, vol. 50(2), pages 110-121.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:2:p:110-121
    DOI: 10.2753/0577-5132500207
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    References listed on IDEAS

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    1. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," The World Bank Research Observer, World Bank, vol. 15(2), pages 251-264, August.
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