Shamshad Akhtar: Development of microfinance Keynote address by Dr Shamshad Akhtar, Governor of the State Bank of Pakistan, at the Seminar on “Beyond Charity : Commercial Opportunities in Micro and Small Lending”, jointly organized by USAID and Shore Bank International, Islamabad, 6 June 2006.
Instead, our aim is to control the way they propagate risk, including in particular the way they allocate losses in case of a participant’s default. Second, while the microprudential and macroprudential approaches have different perspectives, they may in practice rely on some of the same tools to reach their objectives.