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Resource Library / Launch of the State of the Campaign Report 2011

Larry Reed

Washington, DC -- Nobel Peace Prize Laureate and Grameen Bank Founder Muhammad Yunus, U.S. Ambassador-at-Large for Global Women's Issues Melanne Verveer, and Spanish Secretary of State for International Cooperation Soraya Rodriguez Ramos joined Microcredit Summit Campaign leadership, current Director Larry Reed and then-Director Sam Daley-Harris, to launch the State of the Microcredit Summit Campaign Report 2011.

The report addresses controversies within the field of microfinance and announced a new initiative under development, the Seal of Excellence for Poverty Outreach and Transformation in Microfinance, which is designed to recognize those institutions that are committed to doing the most to help families lift themselves out of poverty. The report is the largest and most comprehensive annual report on the outreach of microfinance to the poor and very poor. Panelists also discussed the Global Microcredit Summit in Valladolid, Spain (which was held 8 months later in November). The Summit allowed more than 2000 delegates from over 100 countries to address the major challenges to the field and their solutions. Additionally, Prof Yunus addressed questions from the press concerning the government of Bangladesh's attempts (ultimately successful) to oust him as head of Grameen Bank. The press conference was held at the National Press Club in Washington, DC on March 7, 2011--one day before International Women's Day.