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International Debt Financing and Performance of Microfinance Institutions


  • JEL classification codes: G11, G23, L2, O16, O17.


Commercial funding to microfinance institutions (MFIs) seems to follow the negative screening approach, being driven mainly by financial performance and professionalization of the MFIs while subsidized funding seems to follow a positive approach, being driven mainly by targeting poverty alleviation and social inclusion.