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China’s Zhongyuan Bank to Replicate Grameen Microcredit Model
Zhongyuan Bank Co Ltd, a leading banking group in China, has signed an agreement with Grameen Trust for replicating Grameen Bank's microcredit model on a large scale in China.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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India’s demonetization makes low-deposit accounts ‘parking lots for black money’
Jan Dhan accounts, integral to the Modi government’s plan for financial inclusion and direct benefit transfer, were meant to have a transformational role in the uplift of the underprivileged, but, ironically, demonetisation has made them a parking lot for black money. Official sources told FE that these accounts saw transactions of R19,250 crore in the 10 days to November 19; over R15,000 crore was deposited and some R4,250 crore was withdrawn.
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- Uncategorized
- Region
- South Asia
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OPIC Announces $3.7 Billion in New Commitments for FY2016
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced $3.7 billion in financing and insurance commitments during Fiscal Year 2016 to support economic development in emerging markets. OPIC’s portfolio reached a record-setting $21.5 billion across 100 developing countries and the Agency marked the 39th year of achieving its mission at no net cost to taxpayers.
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- Uncategorized
- Region
- North America
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- insurance
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New Pathways to Financial Inclusion for Low-Income Women
Developing countries have made great strides on financial inclusion in recent years, but a gender gap remains. A new report analyzes women’s stories and their detailed cash flows over time from financial diaries data collected in Kenya, India and Mexico, offering insight into why women in emerging economies don’t use formal financial services to the same extent as men.
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Pakistan’s Central Bank Calls India’s Cash War ‘Extreme’
Pakistan’s central bank Governor Ashraf Mahmood Wathra called India’s shock clampdown on cash an “extreme” step to boost financial inclusion, tax collection and battle graft, as the neighboring nation implements its own plans to double the number of people using banks within four years.
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- Uncategorized
- Region
- North Africa & Near East
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MIX and MetLife Foundation Partner to Promote Financial Inclusion Through Data and Insight
MIX announced today an $825,000, 2-year partnership with MetLife Foundation to promote financial inclusion by providing insight into financial service access in Mexico, Myanmar, Turkey and Vietnam. Through rich data, analytical tools and interactive dashboards, decision makers in these countries will have a powerful new resource to ensure positive social outcomes for the financially underserved.
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- Uncategorized
- Region
- North America
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Asian Development Bank approves $40 million loan to help promote financial inclusion in Cambodia
The Asian Development Bank (ADB) approved a $40 million loan and a $600,000 technical assistance grant on Friday to help strengthen Cambodia’s financial sector and promote financial inclusion within the country’s unbanked population, according to the ADB’s statement.
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- Uncategorized
- Region
- South Asia
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Orange announces the winners of the sixth edition of the Orange Social Venture Prize for Africa and the Middle East
Orange has announced the winners of the 2016 Orange Social Venture Prize for Africa and the Middle East during the AfricaCom Awards ceremony held in Cape Town, South Africa, last night. The prize, which aims to encourage start-ups in Africa to launch innovative projects that promote development, has been extended this year to the Middle East. A new award, the Special Prize for Cultural Content, has also been introduced.
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- Uncategorized
- Region
- North Africa & Near East
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