Maria Nowak (27 March 1935 – 22 December 2022) was a Polish economist.

Biography

Nowak was born on 27 March 1935. After getting her diploma for the

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

, Nowak worked for the French Agency for Development and for

the World Bank The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

. Since the 1980s, she has been working in the field of

micro-credit :''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayme ...

based on the model of the

Grameen Bank Grameen Bank ( bn, গ্রামীণ ব্যাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requi ...

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

. Nowak founded the Association for the Rights to Economic Enterprise (AIDE). Nowak served as President of AIDE and of the European Microfinance Network (EMN). Nowak died on 22 December 2022, at the age of 87.

References

* 1935 births 2022 deaths Polish economists Polish women economists Sciences Po alumni Grand Officiers of the Légion d'honneur Commanders of the Ordre national du Mérite {{Poland-bio-stub