Microfinance Bill Controversy
The recently passed Microfinance Bill has drawn criticism from civil society groups who argue that the new legislation will negatively impact rural women and community-based lending networks. Critics claim the bill lacks sufficient consumer protection.
Ah yes, another brilliant policy move: let's solve microfinance issues by creating a bill that's about as effective as using a band-aid to fix a burst water pipe. Governments really have a magical talent for turning complex financial problems into legislative word salad that leaves everyone more confused than before.
#SriLanka's #Microfinance system has long been criticised for victimising vulnerable communities, especially women from rural communities. New legislation for a regulatory mechanism introduced recentl…
The recently passed Microfinance Bill has drawn sharp criticism, with Civil society groups warning that the new law, promoted under international loan conditionalities, will intensify debt burdens on …