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Viewpoint: Think Twice About Going Cashless
Even now, after the chaos caused by India's decision last November to eliminate nearly 90 percent of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favor of demonetization don't stand up to scrutiny. And those that do should raise other concerns.
- Categories
- Technology
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Investing in the New Industrial (R)evolution: Insights for asset owners and managers financing the circular economy
Investing in the New Industrial (R)evolution: Insights for asset owners and managers financing the circular economy details examples of a diverse set of investors and corporations that are beginning to incorporate global issues related to the health, food, and energy systems, as well as others, into their investment and production design processes, respectively.
- Categories
- Investing
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‘Climate change is real’: CEOs share their disappointment over Trump’s Paris accord exit
After threatening Wednesday to leave if Trump made the exit, Tesla and SpaceX CEO Elon Musk tweeted Thursday afternoon that he was "departing presidential councils. Climate change is real. Leaving Paris is not good for America or the world." Disney CEO Robert Iger followed him, calling his departure from the president's advisory council a matter of "principle."
- Categories
- Environment
- Tags
- climate change
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Philippines government’s microfinance facility goes nationwide
With sufficient funds to provide to borrowers, the Department of Trade and Industry (DTI) and its micro-financing arm Small Business Corporation (SB Corp) will lead the implementation that will assist micro entrepreneurs financially and enable them to grow their businesses.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- governance, microfinance
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State Bank of Pakistan approves launch of the country’s first free mobile wallet service
Mobile payment app SimSim became Pakistan’s first free mobile wallet service after the State Bank of Pakistan (SBP) approved the official launch of the service – a move the company said would boost financial inclusion in the country.
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- Technology
- Region
- South Asia
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Can digital credit work for development?
The rise of digital banking means that people around the world can now borrow, save or pay with their mobile phones. Digital credit providers are using alternative sources of data to determine creditworthiness and provide loans to populations that have never had access to them before.
But while these products offer a convenient way for consumers to access cash for personal or business expenses, they also present risks. If borrowers do not understand the loan terms, or take out more than they are able to repay, the result can be bankruptcy.- Categories
- Technology
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Press release: GHIT Fund Secures Commitments of Over US$200 Million for Infectious Diseases of the Developing World
This announcement demonstrates the continued leadership and commitment of the Government of Japan, leading life sciences companies, international foundations and other partners to combat neglected diseases; with this replenishment, which marks a doubling of previous commitments, GHIT will accelerate and expand its development of new tools while ensuring they are accessible and delivered to the world’s most vulnerable
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- Health Care
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New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.
- Categories
- Uncategorized
- Region
- Asia Pacific
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