Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge, posing an untapped opportunity to create markets, bring people in from the margins and give them the tools with which to help themselves.
Interpretation
Microfinance empowers the poor by recognizing their potential to contribute positively to the economy.
This quote by Kofi Annan emphasizes the idea that individuals in poverty possess valuable resources, such as energy and knowledge, which can be harnessed through microfinance. By providing financial tools and opportunities, we can help marginalized communities engage in the market and improve their own lives, ultimately fostering economic growth and empowerment.
In practice
In a speech about economic development at an international summit.
If you have a problem and you can't find a solution, you meet again tomorrow and you keep talking until you find a solution. You can disagree with behavior or a particular position, but you do not resort to calling an opponent worthless.
Let us remember the large numbers of citizens who, day in and day out, through acts of volunteerism large and small, bring hope to so many of the world's disadvantaged. Let us ensure that this wonderful resource, available in abundance to every nation, is recognized and supported as it works towards a more prosperous and peaceful world.
We may have different religions, different languages, different colored skin, but we all belong to one human race.
The global HIV/AIDS epidemic is an unprecedented crisis that requires an unprecedented response. In particular it requires solidarity - between the healthy and the sick, between rich and poor, and above all, between richer and poorer nations. We have 30 million orphans already. How many more do we have to get, to wake up?
People of different religions and cultures live side by side in almost every part of the world, and most of us have overlapping identities which unite us with very different groups. We can love what we are, without hating what – and who – we are not. We can thrive in our own tradition, even as we learn from others, and come to respect their teachings.
Democracy is, in essence, a form of non-violent conflict management. If war is the worst enemy of development, healthy and balanced development is the best form of conflict prevention.
Paper money has had the effect in your State that it ever will have, to ruin commerce, oppress the honest, and open a door to every species of fraud and injustice.
In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
There is no doubt that as an economy grows in a great way like India has, that you have to step back and change your tax systems, because you start to get more disparities of wealth.
When you bring in multi-brand retail items into the country, you're not just bringing the products, but you're also harming local manufacturers.
Prosperity cannot be restored by raids upon the public Treasury.
The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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