Home » Innovative Experiences in Access to Finance in Latin America: Market-Friendly Roles for the Visible Hand? by Augusto de la Torre
Innovative Experiences in Access to Finance in Latin America: Market-Friendly Roles for the Visible Hand? Augusto de la Torre

Innovative Experiences in Access to Finance in Latin America: Market-Friendly Roles for the Visible Hand?

Augusto de la Torre

Published March 1st 2010
ISBN : 9780821376898
Hardcover
200 pages
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 About the Book 

Interest in access to finance has increased significantly in recent years, as growing evidence suggests that lack of access to credit prevents lower-income households and small firms from financing high return investment projects, having an adverse effect on growth and poverty alleviation. This study describes some recent innovative experiences to broaden access to credit. These experiences are consistent with an emerging new view which recognizes a limited role for the public sector in financial markets, but contends that there might be room for well-designed, restricted interventions in collaboration with the private sector to foster financial development and broaden access. The book illustrates this view with several recent experiences in Latin America. Finally, it discusses some open policy questions about the role of the public and private sectors in driving these financial innovations.