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Viewpoint: The World Bank: Why It Is Still Needed and Why It Still Disappoints
The decade or two after WW2 saw many of the world’s poorest countries gain their independence from Colonial rule, and they were hoping to rapidly become less poor. Economics taught policy makers in those countries that a higher investment rate is crucial to assuring faster economic growth. Being a poor country makes it harder to finance the required investments from domestic savings. Yet rich countries should have ample savings available that might be profitably diverted to this task. In an ideal world, global capital markets could be expected to bridge the gap. But 70 years ago those markets were thin and/or not trusted as a source of finance.
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- Uncategorized
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- lending
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Ugandan MPs Ask Government for Greater Mobile Money Regulation
Members of Parliament grilled Information, Communication Technology (ICT) state minister, Nyombi Thembo over lack of a law to regulate mobile money services and safeguard clients’ money.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- regulations
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‘Mobile money is not the only option in Sub Saharan Africa’
Mobile money platforms may have taken root in Sub Saharan Africa but they are not the only innovation disrupting the financial services sector in the region, with new technology-based finance platforms also seeing rising uptake, experts say.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Somalia’s Premier Bank to bring ATMs, debit cards to Mogadishu
Somalia's Premier Bank has struck a deal with Mastercard and will issue debit cards and install ATM machines in the capital of the war-ravaged country, the Islamic lender's top executive said on Wednesday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nepal commits to modernize economy through digital payments
Nepal recently announced an ambitious commitment to modernize its economy through digital payments, which include joining the Better Than Cash Alliance to foster inclusive growth and transparency.
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- Uncategorized
- Region
- South Asia
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Indonesia calls for new global financial order
Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past.
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- Uncategorized
- Region
- Asia Pacific
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- lending
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Challenges of Emerging Risks Underwriting in Insurance in Nigeria
Recent social and environmental developments in Nigeria have underscored the need for Nigerian insurers not only to consolidate on local risks they are familiar with but to pay more attention to emerging risks.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Women: The Next Wave of Angel Investors?
Females have historically made up less than 15% of the angel investors in the United States. Having more women on the funding side matters.
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- Uncategorized
- Tags
- impact investing
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