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In a big half, this success was made due to the very active promotion of microfinance by the main actors of so-referred to as “development policies” together with governments of the global North, so-known as “philanthropic” billionaires (an oxymoron!) akin to Invoice Gates, and before everything by the World Bank World Financial institutionWB The World Bank was founded as a part of the new international financial system set up at Bretton Woods in 1944. Its capital is supplied by member states’ contributions and loans on the international cash markets. It financed public and personal tasks in Third World and East European nations.
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