Focus: Financial inclusion and social marginalisation
The Microfinance Gateway publishes a reflection focusing on financial inclusion as an essential element likely to encourage the integration of people in the development process.
The Arab Spring revolutions have been at the heart of a major shift in development paradigms. Indeed, growth and respect for the major macroeconomic balances had been the alpha and omega of development since the advent of the Washington consensus. Arab countries that had met these criteria and had become model pupils of international institutions, such as Tunisia, Egypt and Syria, have been at the centre of a great social instability which has prevailed and has opened an era of revolutionary change in a large number of countries. This instability has not been confined to the Arab countries but has affected a great number of other countries from Europe to the United States and has also fuelled the emergence of large social movements that have denounced the negative effects of austerity policies.