Canada commits $40 million to developing world microfinancing: "Canada commits $40 million to developing world microfinancing Juliet O'Neill, CanWest News Service; Ottawa Citizen
Published: Monday, November 13, 2006 Article tools
OTTAWA -- The federal government announced $40 million Sunday for small loans and other microfinance help for destitute people in Africa, Asia and Latin America.
The expenditure on the Nobel prize-winning method of alleviating poverty and suffering was announced as about 2,000 delegates from around the world gathered in Halifax for the four-day Global Microcredit Summit.
'Around the world, the power of microfinance is transforming lives,' Foreign Affairs Minister Peter MacKay said in a joint statement with International Co-operation Minister Josee Verner."