Thank you very much.
Thank you, Mr. Dunford.
I'd like to explore that a little bit more. I have a business background, and I do understand risk and loans and what it costs to borrow money. There is a cost attached to it, and microfinance is a business form. They have to assess their risk on a continual basis. In some of the microfinance projects I saw, women were able to access enough money and they bought a dozen chickens. They started with a dozen chickens, they multiplied their flock, and they were selling eggs to the whole village. They created quite a business.
First of all, I want to set the record straight that Canada has not cut back on the money we are giving for vaccinations. In fact, last year we gave $50 million to the GAVI Alliance, and they are working to ensure we eradicate such things as tuberculosis. So the Government of Canada is very intent on putting those kinds of investments into countries.
I want to go back to something we talked about a little bit earlier. When I talked about the trickle-down effect, you said they're at the bottom, and you used the words “ripple effect”. You've just talked about people who are the managers who are going out into the communities. They're the ones who are getting the training on handling the money and doing the accounting part of it for the actual business that is borrowing the money.
I wonder if you can talk about those types of jobs and how they're impacting society. What I saw in Bangladesh again were people who were being trained to go to the villages, to take stock of what loans were out, and then to make new loans if that was necessary, to accept the repayment, and to take that back to the bank.
That's a whole different level of money management that is starting to take place in that society. I wonder if you can talk about the value of this to the development of that country.