Word: crunch
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...TIME: To what extent and in what specific ways is the worldwide credit crunch impacting microfinance in developing countries...
...table for their families. Microfinance doesn't target the poorest of the poor, as they need other types of intervention. It targets the economically active poor at the bottom of the pyramid. There are signs that micro-entrepreneurs will see higher interest rates, since the global credit crunch will likely require MFIs to raise interest rates as funding becomes more scarce. I am particularly concerned about the ramifications for women since, for many poor women around the world who are otherwise excluded from formal financial systems, access to microfinance is their only economic lifeline...
...just falling prices that are causing companies to pull back. Some are worried that Democrats in Washington will soon push through regulations that will increase costs. What's more, Simmons says, the credit crunch is having an effect. "Drillers have to rely on their own cash flow, and that means some projects don't work anymore," says Simmons. "No one wants to count on bank financing...
Some analysts have been heartened by GM's November sales results and believe they offer a glimmer of hope for the future - if the government can help the automaker overcome its current cash crunch with a $12 billion loan...
...closer look at the numbers reveals some systemic problems that aren't related to the current credit crunch and that GM will have a hard time overcoming. (Read "GM: Death of an American Dream...