News stories by Soraya Rodriguez Ramos

Microcredit has reached a turning point in recent years: the sector is undergoing a major reevaluation of its objectives, and there is a raging theoretical and practical debate over its effects. The dramatic cases of nonpayment and arrears that have appeared in the media in recent months demonstrate that microcredit programmes that are badly run or fail to adequately calibrate risk can become an obstacle to emerging from poverty, writes Soraya Rodriguez Ramos, Secretary of State for International Cooperation and President of the Spanish Agency for International Cooperation for Development.