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1.8 Making money work for poverty reduction: Working Out of Poverty
It is impossible to build an enterprise without access to credit. Poor people all over the world have little access to formal financial services. Microfinance activities go hand in hand with entrepreneurship, enabling the poor to borrow for productive purposes, save and build their assets. The ILO has advised central banks on the design of laws and regulations for povertyoriented banks. This has been instrumental in creating an enabling environment for pro-poor banks to emerge and prosper, particularly in Africa.

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