Inclusive Development Finance Policy
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Level: Undergraduate, Graduate
Division: The New School for Public Engagement
School: Milano School of International Affairs, Management, and Urban Policy
Department: Milano General Curriculum
Course Number: NINT 5187
Course Format: Lecture
Location: NYC campus
Permission Required: No
Governments and civil society organizations have sometimes provided financial services to poor people, as private financial institutions declined to service this population. Governments have set up institutions (e.g., development banks, postal savings banks), as have community institutions (e.g., savings and credit cooperatives, microfinance institutions) to finance priority sectors (e.g., agriculture) or populations (e.g., distant villages, women). Governments have also adopted policies to encourage or force private financial institutions to provide specific services to priority sectors or populations. Nevertheless, underserved populations continue to rely heavily on informal mechanisms for at least some financial services (moneylenders, rotating savings and credit associations). This course examines government and civil society efforts to sustainably and effectively expand access to financial services for social and developmental priority purposes. It looks at policy issues affecting demand and supply of basic financial services (saving, credit, payments and insurance). It asks students to debate controversial issues, of which there are many in this field and few with easy answers. The focus is on developing countries, although the rich experience of developed countries will also be germane.