Foreign Affairs committee  Thank you. That's a very interesting perspective. I wish the world would divide itself as evenly as for-profit and non-profit, but my experience is that it doesn't. There are some for-profit institutions I've seen that are highly socially motivated and have great impacts on thei

Foreign Affairs committee  Again, this brings up the issue of motivation and how the private financial motivation and the social motivation work together. Institutions that are motivated to be sustainable and that also measure their success by the progress of their clients tend to focus a lot more on wha

Foreign Affairs committee  Yes.

Foreign Affairs committee  Chicago.

Foreign Affairs committee  There's a party in my country that doesn't believe that.

Foreign Affairs committee  Right, right.

Foreign Affairs committee  I'll offer a few things in response, because these are very good questions. There are questions with the whole area of public-private partnership. Where does one end and the other begin? Is there a dividing line? Is there an area of overlap? The first point is that this wasn'

Foreign Affairs committee  To start with—

Foreign Affairs committee  Right. When we started, no major bank was making loans to poor people, so the non-governmental sector had to get involved. It was motivated by wanting to help people in poverty move out of poverty. In doing that, they developed techniques and systems that for-profit organizations

Foreign Affairs committee  Yes, absolutely. I agree.

Foreign Affairs committee  The challenge is to find how microfinance can work better with other development interventions. Keith spoke about health insurance; how can we provide financing for education, not to be a sector to itself, but rather a supportive element of the process of development? People in

Foreign Affairs committee  Thank you very much for the question. As I said, this is a challenge we face, which was fuelled in part by financial institutions that wanted to grow and had access to large amounts of capital, but had to keep growing. The discipline of lending broke down in some areas, so they w

Foreign Affairs committee  Thank you very much, Mr. Chairman. I thank you for this opportunity to speak to all of you. I understand that many of you had a late night last night and I thank you for your attention today. This is an important matter to discuss, I think, this area of how government fundin