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  1. Library Resource
    February, 2014
    Madagascar

    This Country-Level Effectiveness and
    Accountability Review (CLEAR) examines the efficacy of
    microfinance aid in Madagascar, based on an objective
    analysis of donor assistance for the sustainable development
    of financial systems targeting the poor. The three levels of
    the financial system are the micro level (e.g., retail
    institutions), the meso level (e.g., apex, technical service
    providers), and the macro level (e.g., regulations and

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