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Nadda Launches Indigenous Female Condom
Union Minister for Health and Family Welfare J P Nadda has formally launched first indigenously developed natural latex-based female condom.
- Categories
- Health Care
- Region
- South Asia
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Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects
A consortium of leading financial institutions and investors today announced a new partnership under the Catalytic Finance Initiative (CFI) to direct $8 billion in total commitments toward high-impact sustainable investments. Partners joining the CFI include AllianceBernstein (AB); Babson Capital Management LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual); Crédit Agricole CIB; European Investment Bank (EIB); HSBC Group; International Finance Corporation (IFC), a member of the World Bank Group; and Mirova, a subsidiary of Natixis Group, all of which have pledged capital and expertise to develop and advance innovative financing structures for investments in clean energy and other sustainability focused projects. In addition, the Aligned Intermediary, representing a group of long-term institutional investors, will collaborate on specific investment opportunities with members of the partnership. This announcement follows last year’s ratification of the United Nations Sustainable Development Goals (SDG) and the historic climate agreement in Paris. It aims to promote the SDG objectives, including acting on climate change and advancing access to clean energy and water.
- Categories
- Impact Assessment, Investing
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Harnessing the Power of the Private Sector to Fight a Growing ‘Double Burden’
The most recent statistics on child malnutrition are bleak: Nearly half of the deaths of children under the age of 5 in Africa and Asia can be attributed to this preventable condition, according to UNICEF. That translates to approximately 3 million unnecessary deaths each year.
- Categories
- Health Care
- Tags
- nutrition
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VisionFund International and Opportunity International Partner to Expand Financial Inclusion for Unbanked Citizens of Democratic Republic Of Congo
Opportunity International, a next generation microfinance organization that invests philanthropic and social impact capital to spark and scale innovative solutions to global poverty, has entered into a share purchase agreement to sell a majority stake of its microfinance institution in Kinshasa, Democratic Republic of Congo (DRC) to VisionFund International, World Vision’s microfinance arm.
- Source
- Press Release
- Categories
- Uncategorized
- Tags
- microfinance
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Viewpoint: Business Fails the BOP
Businesses have made significant strides in the last 40 years, identifying innovations that make serving the world’s poorest profitable. Although these innovations have unleashed markets, traditional for-profits have made two serious errors in serving the base of the pyramid (BOP).
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India’s Prime Minister Launches ‘Stand Up India’ to Promote Financial Inclusion
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi today launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
- Categories
- Uncategorized
- Region
- South Asia
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High Global Vaccine Prices Could Worsen Angola’s Deadly Yellow Fever Outbreak
Angola is experiencing its worst yellow fever outbreak in 30 years, says the World Health Organization. The mosquito-borne disease was first reported in the capital Luanda in December last year. The disease has now infected more than 490 people and killed 198, says WHO.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Seven Essential Guiding Principles to Boost Financial Inclusion Laid Out in New Report
Seven guiding principles to help countries increase financial inclusion were set out in a report released today by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group. The Payment aspects of financial inclusion report builds on a document that underwent public consultation in late 2015 and seeks to tackle barriers to the adoption and usage of transaction accounts, which sit at the heart of retail payment services.
- Categories
- Uncategorized
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