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World Bank giving $100 million to strengthen Nepal’s financial sector
The World Bank has approved a US$ 100 million credit to help Nepal accelerate its medium-term reform program for the financial sector, and to reduce the vulnerability of the banking sector and increase its transparency.
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The Final Countdown: Where are MetLife’s Financial Inclusion Grants Landing?
In 2013, the MetLife Foundation made a $200 million commitment over five years to move global financial inclusion forward. The foundation, along with its partners launched projects around the world beginning with low-income communities in Asia, Europe, Latin America, the Middle East, and the United States.
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GE Partners with The Tony Elumelu Foundation on Lagos Garage
General Electric and leading entrepreneurship The Tony Elumelu Foundation (TEF) have announced a partnership that would allow up to 25 Tony Elumelu EF Entrepreneurs to participate in a dedicated 4-week advanced manufacturing training program every year at GE’s Lagos Garage – a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration.
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- Sub-Saharan Africa
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Three Leading Organizations In Africa And The Mastercard Foundation Partner To Improve Livelihoods For 1.1 Million African Smallholder Farmers
DAKAR, Senegal - Three of the leading organizations in Africa working with smallholder farmers today joined The MasterCard Foundation to reaffirm their commitment to provide farmers with more of the financial resources and agribusiness connections they need to succeed.
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- Sub-Saharan Africa
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Anti-‘global gag rule’ fund reaches $190M
A fund to counter the effects of the U.S. government's controversial “global gag rule” has raised around $190 million, it was announced at a conference in Brussels today, as development leaders said it would not be possible to achieve the Sustainable Development Goals without access to family planning services.
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Pakistan banks embark on financial inclusion
The Pakistani banking sector, which has already been highly profitable, is on track to expand further with millions of new customers set to enter its fold owing to financial inclusion initiatives. The priority target of the Financial Inclusion Plan (FIP) is to raise the number of customers with access to bank accounts and services to 50 per cent of the adult population. The number was 23 per cent in 2015 and 12 per cent in 2008.
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- North Africa & Near East
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In India, merely opening accounts for women won’t ensure equality
For some reason, the government appears to have developed last-minute cold feet about delivering the coup de grâce to the Bharatiya Mahila Bank, started with much fanfare a few years ago as a bank of, for and by women, which has been going nowhere in a hurry since its launch.
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- South Asia
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Finding New Pathways to a More Inclusive and Humane Economy
Social entrepreneurs, in their pursuit of the common good, have taught us that solutions won't come from a single sector or organization. And that's been reinforced by recent collaborations that reflect a complete new way of envisioning social change and clear the path for a more inclusive and humane economy, where social innovation is also a source of economic performance and gradually infiltrates the DNA of every company.
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