02-20-2006, 03:28 AM
I'm not really sure what this resolution would accomplish.
For one thing, it defines certain terms differently than how they have been generally understood, and we are left with the impression that it is a mixture of inconsistent financial and economic devices and concepts that fails to promote the growth of economies in emerging nations.
The micro-credit system as we have understood it is a device in third-wrold economies to encourage the growth of home-based businesses and the creation of a entreprenurial middle class.
Protecting remittances from expatriates might be a worthy objective better addressed as a separate proposal.
Secured tiny deposits as defined in the resolution has no size limit. If we read this correctly quite a substantial sum might well be a secured tiny deposit under the stated definition in this proposal.
We therefore vote AGAINST this resolution,
For one thing, it defines certain terms differently than how they have been generally understood, and we are left with the impression that it is a mixture of inconsistent financial and economic devices and concepts that fails to promote the growth of economies in emerging nations.
The micro-credit system as we have understood it is a device in third-wrold economies to encourage the growth of home-based businesses and the creation of a entreprenurial middle class.
Protecting remittances from expatriates might be a worthy objective better addressed as a separate proposal.
Secured tiny deposits as defined in the resolution has no size limit. If we read this correctly quite a substantial sum might well be a secured tiny deposit under the stated definition in this proposal.
We therefore vote AGAINST this resolution,