Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-444"
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"en.20100921.15.2-444"2
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"Now that an international summit is taking place in New York on achieving the Millennium Development Goals and the European Parliament has adopted the report on poverty reduction in developing countries, I feel it is important to emphasise the role that micro-credit can play in achieving these objectives. Micro-credit generally entails granting loans of small sums to entrepreneurs who cannot access conventional bank loans. In developing countries, it helps give practical expression to a large number of economic microprojects that promote wealth creation and, consequently, development. Basic funding of projects helps to create an economic network in the countries concerned and to involve small local players. Micro-credit thus allows these players to be made responsible for their own development and enables their dependence on conventional development aid to be reduced. By affecting sectors as diverse as agriculture, small crafts and the social economy, micro-credit can thus facilitate a tangible impact on local development. I therefore invite the European Commission and the Member States to take seriously this responsible means of development aid."@en1
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