The federal government says it wants greater accountability in its foreign aid; they couldn’t do any better than supporting microfinance agencies.
I personally support global microfinance because it’s not charity and it never stops working. As the tiny business loans it gives to the poorest citizens are paid back, I can then lend that money to others. With the same small investment, I’ve helped different entrepreneurs buy sewing machines, agricultural supplies and building materials, and never lost a penny.
Minister Fantino should involve CIDA in more microfinance agencies, because unlike many other forms of aid, it is carefully administered and the money works more than once.