In the fall of 2008, the Moroccan microfinance sector underwent what in economics is referred to as a Minsky moment, the sudden realization that the market has overshot and that the good times are coming to an end. In this particular case, the Minsky moment was a specific event – the private circulation of an IFC study that found extensive problems with the portfolios of the country’s four largest Microfinance Institutions (MFIs), and one in particular...
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Sortie de la crise du secteur de la microfinance au Maroc : des interventions opportunes et efficaces : ردود فعل فعالة وفي الوقت المناسب : نهاية أزمة التمويل الأصغر في المملكة المغربية (Arabic). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/461911486371810767