For the Arab World, 2011 was historic. The year brought much hope and a sense of opportunity as Arabs from the Atlantic Ocean to the Arabian Gulf saw the possibility of a future without dictatorship, corruption and hypocrisy – the reasons underlying the poverty, unemployment, and political grievances which sparked the Arab Spring.
The year 2011 was not particularly easy for microfinance institutions (MFIs) in Eastern Europe and Central Asia (ECA). What are some of the issues that will be key for the ECA microfinance sector in 2012?
In 2012 with the focus shifting away from “hot-spots” and yes/no debates on microfinance, and hopefully towards greater product diversity and complete financial ecosystems, Latin America is poised to assume a leadership role.