¶ … leading the Treasury Department's efforts to use microfinance in promoting international development. It is my recommendation to the deputies group that the United States expands its funding of microfinance initiatives in post-conflict and humanitarian crisis situations. Microfinance can entail a small loan given to an individual or a group of individuals at shared costs (microcredit), or it can come in other forms such as insurance [Definition of terms GOOD]
The interest rates are relatively high, and of course some individuals do not pay back their loans
Nevertheless, [Considers opposition GOOD]
Nevertheless, many cases, most prominently the Grameen Bank, for which Muhammad Yunus won the Noble Prize, demonstrate that a great majority of enrolled individuals repay their loan and interest, to the extent that some microfinance institutions and funds are able to turn a profit and attract commercial investment REFERENCE.
Recent movements in microfinance have advocated for the focus in funding to shift from public to commercial sources.
Although private sector funding of microfinance is increasing REFERENCE2, public financing must still play a pivotal role when individuals are not being served by microfinance programs.
Such individuals may be members of marginalized groups,
Literature on international development suggests that microfinance can be an effective tool in post crisis and famine situations.
The present situation in Somalia is one in which the use of public sector funding is appropriate, if not necessary. "By any assessment,"?
I will not go into details, but needless to say the situation in Somalia remains dire.
Despite this fact, U.S. international aid to Somalia continues to be cut each fiscal year.
5 Assistance has dropped from $403 million in 2009, to $152.1 million in 2010, to $82.3 million in 20106. This fiscal year, Somalia will receive $84.9 million, slightly reversing the precipitous decline in aid.
[Be wary of descriptors like this; some may not find the decline 'precipitous'; framing your conclusions / leading the reader like this weakens an argument because the reader should supply this adjective themselves. Yes no?]
It is estimated that demand for microcredit in Somalia is ten times the supply.
[SUPPORT: Great, model citation here. This is the type of evidence we want every assertion to be backed with if possible-]
Public grants would contribute to the formation of an actual financial...
Financial and law enforcers, military and reporting of intelligence are carried out by respective agencies drawn on limited coordination efforts (Whitmore, 2002). While agencies can pull and push intelligence data, these structures lack a centralized system for collecting intelligence. This limits the ability to conduct a meta-analysis of data across inter-agencies systems. Lack of proper coordination efforts reduces the usefulness of financial intelligence thus making it difficult to link
The second purpose of the $700 purchase of troubled assets is to create a market for the securitized versions of these assets. As a result of the crisis, the market for these assets became illiquid. The value of securitized debt obligations became near zero, which severely impacted the balance sheet of all banks that held these assets. By creating a secondary market for these products, the government hopes to increase
" (Tripathi, Ansolabehere, and Snyder, 2002) Additionally, groups that place emphasis on lobbying tend to may more attention to the position of power that members hold inside Congress and pay less attention to the electoral circumstances of member than do other groups and as well groups that place emphasis on lobbying "also appear to be more bipartisan and less ideological than other groups, giving more equally to both parties and more
Disrupting America's economic system is a fundamental objective of terrorists Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists. Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now,
Revenue Estimates: Underestimation of Revenues Although the United States has an excellent budget policy, she is yet to reach maximum efficiency with regard to revenue estimation. When it comes to public budgeting, ours is a picture that is far from the ideal. There has been a consistent pattern of underestimation of revenues in federal, state, local, as well as agency budgets. This trend may not be desirable for a recovering
Cross-Country Capital Flows and Currency International Project overseas investment . GLOBAL INSTITUTES IN INTERNATIONAL FINANCE . INTERNATIONAL FINANCE CORPORATION . WORLD BANK . WORLD TRADE ORGANIZATION INTERNATIONAL MONTARY FUND . INTERNATIONAL FINANCE IN CHINA . BANKING INSTITUTES NON-BANKING INSTITUTES THE EXCHANGE RATE FIASCO FINANCIAL CRISIS IMPACTS ON SINO-AMERICAN RELATIONSHIP RECESSION'S AFFECT ON CHINA . ASIAN MONETARY FUND . CHINA'S TRADE POLICIES AND THEIR CONTRIBUTION TO THE FINANCIAL CRISIS Monetary policy is the study of circulation of money, the granting of credit, the making of investments and
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