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A Country-Level Effectiveness and Accountability Review (CLEAR) took place in Nicaragua from February 13, 2005, to March 4, 2005, to analyze donor effectiveness in supporting microfinance. Overall, the review concluded that donors have supported the growth of microfinance in Nicaragua, but the proliferation of their initiatives (about 23 bilateral and multilateral donor agencies and 5 social investors funding microfinance) contributed to a structural...
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