Microfinance lenders' global exposure increasing: IMF paper

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An International Monetary Fund paper, published on Tuesday, finds that contrary to evidence before the crisis, the performance of microfinance institutions is correlated not only to domestic economic conditions but also to changes in international capital markets.

Gabriel Di Bella, the paper's author, analyses the performance of a large sample of top microfinance institutions against domestic economic conditions and international capital markets. The author argues that contrary to what was

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