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Complement Your Giving With Impact Investing
Individual Americans gave $241.3 billion to charities in 2013, the most recent year for which data are available. They gave even more to their future selves, investing some$300 billion in their retirement accounts. Clearly, $241 billion in donations has the potential to accomplish a lot of good. But what about the investments?
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Press Release: Acumen Launches Expansion to Tackle Poverty in Latin America
Acumen announced today its expansion to support social entrepreneurship in Latin America. The pioneer in impact investing will be headquartered in Bogotá and will invest in innovative entrepreneurs and enterprises in Colombia and Peru to drive faster, sustainable solutions to poverty and create new paths forward to tackle economic inequality. While extreme poverty in Latin America has declined by half, more than 80 million people still live on $4 a day and more than 200 million are at risk of being pulled back into poverty by economic instability and climate change.
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- Latin America
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Bitcoin, Mobile Payments Share Some Consumer Adoption Problems
This all sounded very familiar. Last week, Networld Media Group hosted its first Virtual Currency Today Summit in Boston. Bitcoin enthusiasts filled a room at the Back Bay Hilton with a lot of gusto for the virtual currency's future, specifically the potential for the blockchain technology.
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- digital payments
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Press Release: Microfinance Leaders Offer Model Law Resource for Financial Consumer Protection
The Microfinance CEO Working Group has published Client Protection Principles: Model Law and Commentary for Financial Consumer Protection. This Model Law provides a framework of suggested legislation for financial consumer protection in the microfinance and broader financial inclusion industry.
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In India, More Than 50% of Jan Dhan Yojana Bank Accounts Remain Empty
Nearly nine months after the Prime Minister’s Jan Dhan Yojana (PMJDY) was launched, more than half the accounts do not have any balance.
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Why Is Pakistan So Far Behind Its Neighbors in Financial Inclusion?
Just this month the World Bank released the 2014 edition of its Global Financial Inclusion (Findex) database. Findex provides useful indicators on savings, borrowings, and payments made by people across the world. The data indicate that the global, adult, banked population stood at 62 percent as of 2014 end, but that still leaves a whopping 2 billion folks that still remain un-banked.
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- South Asia
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Vodacom Tanzania Plans $100 Million Expansion in Rural Areas
Vodacom Tanzania Ltd., the country’s biggest mobile operator, will spend 200 billion shillings ($100 million) expanding its network this year to tap market potential in rural areas and add mobile-money subscribers.
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- Sub-Saharan Africa
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Viewpoint: We Need a New Global System of Disaster Insurance
Natural disasters like the devastating earthquake in Nepal constitute a highly uncertain but quantifiable risk. No one can say for sure when a major earthquake will strike. But the fault lines are known. We need a new global system of disaster insurance, akin to how homeowners guard against calamity.
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- South Asia
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