Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

A large and costly AIDS prevention program that the Bill and Melinda Gates Foundation pioneered in India eight years ago has had mixed results, according to a preliminary analysis published on Monday in The Lancet. The foundation spent $258 million on the program from 2003 to 2008. It has since put in $80 million more, but is shifting responsibility to the Indian government. The program, called Avahan, focuses on high-risk groups, like...

-AP   An estimated 100,000 people in India may have escaped HIV infection over five years thanks to one of the world’s biggest prevention programmes, an encouraging sign that targeting high-risk groups remains vital even as more donors focus on treatment, a new study suggests. While the initial findings regarding the $258 million Avahan project, funded by the Bill & Melinda Gates Foundation, come with large uncertainty due to data limitations and methodology,...

A high-level meeting on racism, scheduled to take place later this month under the auspices of the General Assembly, is threatening to split the world body and trigger a North-South confrontation. Expressing unfounded fears the meeting might turn out to be anti- Israel, several Western states, including Canada, Germany, the United States, Italy, Austria, the Netherlands, the Czech Republic and Austria, have indicated they will not participate in the meeting. The boycott...

-AP   Rural America now accounts for just 16 percent of the U.S. population, the lowest ever. The latest 2010 census numbers hint at an emerging America where, by mid-century, city boundaries become indistinct and rural areas grow ever less relevant. Many communities could shrink to virtual ghost towns as they shutter businesses and close down schools, demographers say. More metro areas are booming into sprawling megalopolises. Barring fresh investment that could...