"Microinsurance emerged out of different but parallel debates about the reformulation and expansion of social protection amidst the devastation of structural adjustment. It was, at least in its initial articulations, explicitly counterposed to the ‘market’-based solutions proffered by the World Bank, the IMF, and their allies. Yet, by the early 2000s, microinsurance and microcredit were being promoted in strikingly similar terms to the approaches they had initially opposed, and by the same actors."