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RPS 2006-01: Rural Finance and Microfinance Development in Transition Countries in Southeast and East Asia

Microfinance is an emerging important financial subsector in Asian transition countries. Its role is to improve financial access of the poor and small economic players and thus help them to build assets, which means a contribution to poverty alleviation. This paper provides an overview of rural finance and microfinance development in transition countries in Southeast and East Asia--Cambodia, Lao PDR, Myanmar, Vietnam, and Mongolia--focusing on the institutional evolution and the interrelation between policies and institutions. We find diverse potentials that formal and semiformal financial institutions have to reach out to the rural poor of respective nations.

Philippine Institute for Development Studies
Authors Keywords
Llanto, Gilberto M.; Fukui, Ryu; microfinance; governance; transition economies; market-based policy and regulatory framework; indigenous financial systems; institutional evolution;
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Published in 2006 and available in the PIDS Library or can be downloaded as full text Downloaded 1,650 times since November 25, 2011