University of Manchester, and the founder and chairman of SafeSave, a microfinance institution providing financial services in Dhaka. This essay was completed for the World Bank, South Asia Region-- Finance and Private Sector Development, under the direction of Priya Basu. Priya Basu, Don Johnston, and Jay Rosengard provided very helpful comments on an earlier draft. The views, however, are those of the authors and should not be attributed to the World Bank or other individuals or organizations.
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