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Economic growth and ‘something else’ to address inequality
How can fast-growing developing economies close the inequality gap and ensure that economic growth is followed by structural transformation that not only reduces poverty but also improves access to opportunities, promotes mobility and enhances social capital? They need to find ways to provide growth and “something else” or opportunities for social cohesion and mobility for those at the bottom of the pyramid, Julie T. Katzman, executive vice president and COO at the Inter-American Development Bank said during an interview with Devex on the sidelines of the event in Paris.
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- Uncategorized
- Region
- Latin America
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African mobile money technology expands in Europe
Africans have long used technology developed abroad, but now a Kenyan cash transfer network which bypasses banks is being adopted in Europe.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Indian micro-lenders to open 30 million bank accounts by Aug 2015
Microfinance companies have committed to opening at least 30 million bank accounts within a year through tie-ups with banks as part of the government’s ambitious financial inclusion plan likely to be announced on Independence Day.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Full financial inclusion can boost India’s GDP by 0.9%, says report
British brokerage Barclays today said returns from financial inclusion, in the form of savings through reduced leakages, better tax collection and improved savings, would be much higher than the cost incurred.
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- Uncategorized
- Region
- South Asia
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How to make financial inclusion work for women in India
A striking thing in the BJP’s maiden budget was integrating gender in the macroeconomic policy framework.
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- Uncategorized
- Region
- South Asia
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Direct cash transfers will reduce corruption in India, says Reserve Bank governor
Reserve Bank of India governor Raghuram Rajan made a strong pitch for direct cash transfers to the poor, saying this would help reduce corruption by breaking the "cycle of dependence".
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- Uncategorized
- Region
- South Asia
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Banking correspondents risking lives to bring financial inclusion to India
In Bihar alone, at least 14 attacks on bank kiosk operators have been reported in the last two years
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- Uncategorized
- Region
- South Asia
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Kenya’s mobile money transactions hit KES1 trillion
Statistics from the Central Bank of Kenya indicate that Kenyans transferred over KES 1 trillion between January and June this year.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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