The PBS Newshour ran a story about the troubled garment industry in Bangladesh last night. However, unlike the mono-narrative run by the majority of news outlets the story laid out wasn’t about how things have gone irremediably wrong in Bangladesh. Instead, the story was about BRAC (formerly the Bangladesh Rural Advancement Committee) the world’s largest […]
The recent news that India’s microcredit industry is in dire straits should trouble Bangladeshi policy makers. Through a combination of credit-overreach and political demagoguery, Indian banks are facing the prospect of a wave of microcredit loan defaults. Given the nearly $4 billion risk exposure that banks have undertaken in entering into the recently booming microcredit […]