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Jim Yong Kim resigns as World Bank president
Jim Yong Kim has announced he is stepping down as the head of the World Bank, in a move that sent shockwaves through the international aid community.
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- Finance
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See Who Won NB’s Top Post of 2018 Contest
Thank you to everyone who voted in NextBillion's seventh annual Top Post of the Year contest. Here are the winners and their vote percentage totals as well as the complete results for this year's competition. Congratulations to the top three winning contributors for their articles, which both challenged and enlightened us. And Happy New Year to all of our readers.
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- Agriculture, Education, Energy, Environment, Finance, Health Care, Investing, Technology, WASH
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Why The Future of Fintech Looks Bright in the ASEAN Region
A recent report by global accounting firm Deloitte, in partnership with Robocash Group, states that ASEAN countries have the highest potential in the fintech market up to 2020. The advanced landscape facilitates both the development of financial technologies and the inflow of investments is expected to increase by over 20-30 per cent compared to the previous year.
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- Finance
- Region
- South Asia
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Task force on digital financing of UN SDGs launched
“We have already seen how technology has helped expand financial inclusion — itself an important goal — by 1.2 billion people in just six years,” said Guterres.
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- Finance
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What Was the Top NextBillion Post of 2018? Vote for Your Favorite
As 2018 comes to a close and we look back at the year's top posts, it's clear that the social sector is developing an increasingly willingness to challenge long-held assumptions – even when this leads to uncomfortable discussions and difficult course corrections. As NextBillion launches our seventh annual "Top Post of the Year" contest, we encourage you to vote for the post that influenced you most in 2018. You can vote up to once every six hours until 12:00 p.m. Eastern Standard Time (U.S.) on Jan. 3, and the winners will be announced on Jan. 4. Thanks for reading, and happy holidays!
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- Agriculture, Energy, Finance, Investing, Social Enterprise, Technology
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PayGo vs. MFIs: What Works Better for Energy Access Consumer Financing – And Does it Have to Be Either/Or?
Many last-mile customers can’t afford clean energy products without financial solutions to help pay for them. Energy enterprises often meet this need in two different ways: by partnering with microfinance institutions (MFIs) to provide loans to customers, or by offering pay-as-you-go (PayGo) financing options. The United Nations Capital Development Fund’s CleanStart program has supported energy providers using both of these models, and Teresa Le, an energy finance consultant at the program, explores their relative merits and challenges.
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The Vanishing American Dream: The Long Road to Financial Stability
The American economy is growing. Unemployment is down, incomes are inching up and the days of the Great Recession are but a distant memory... except for one thing: A shocking 57 percent of the country—approximately 138 million Americans—are struggling to make ends meet. Jennifer Tescher of the Center for Financial Services Innovation and Tilman Ehrbeck of Omidyar Network say the time to address this crisis is now. They share some promising innovations – and a new research tool – that could help.
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- Finance
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Does Greater Inclusion Lead to Financial Health? New Research Raises Pointed Questions for the Industry
Does financial inclusion really lead to financial health? The industry has largely been operating under the assumption that the answer is "yes" - but a new Gallup survey of more than 15,000 people in 10 very different countries reveals a more complex picture. Sonja Kelly and Evelyn Stark explore the results of this "unprecedented look at personal finance and how people perceive their situation," in a discussion that raises vital questions about the future direction of financial inclusion.
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- Finance