Friday, December 16, 2011

David Bornstein

NYT

"Governments can supercharge ideas like this. But they can also do great damage. The most disheartening follow-up of the year comes from Bangladesh. In March, I reported on the government’s politically-motivated (and vindictive) actions to oust the Grameen Bank’s founder, Muhammad Yunus. Unfortunately, the government won that battle and now it continues to intimidate the bank’s board members, nine of whom are village women elected by the bank’s borrowers. It also appears to be pursuing a variety of legal strategies searching for a pretext to limit the freedom of nongovernmental organizations, and take control of other Grameen-related companies ― there are 54 ― some of which are quite valuable, particularly Grameen Telecom, which owns a third of Grameen Phone, Bangladesh’s leading telecommunications service company. Governments and foundations that have supported microfinance should be aware that the threat of takeover is very real and could be enormously destructive to these institutions and the people they serve."

A big problem in help programs, is that there are always bullies, who had caused the problems to begin with, who pound back to recover their ill gotten perks.

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