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Keyword: microcreditsummit

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  • 'Microcredit' to the world's poor a valuable tool to advance U.S. interests

    11/15/2002 5:49:19 PM PST · by dgallo51 · 9 replies · 232+ views
    Pioneer Press ^ | Posted on Fri, Nov. 15, 2002 | GLENDA HOLSTE
    The saber-rattling and chest-beating has all but drowned out decent consideration of the security obligations to make peace by helping the poor and hopeless help themselves. The Bush administration's commitment to increasing development assistance came back into focus this week when Treasury Secretary Paul O'Neill addressed the Microcredit Summit +5 in New York on Wednesday night. His topic was the plan to require more accountability by poor nations that will receive funds in the expanded U.S. commitment to development aid. The new requirements will link assistance to "the rule of law, enforceable contracts and an everyday attack on corruption,'' O'Neill...