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End in Sight for World Bank’s Controversial Reforms
In an internal email to staff distributed Tuesday, World Bank President Jim Yong Kim set an end date for his reform agenda and announced that the global financial institution will provide more open-ended contracts for its employees — part of a new framework that supports the career development of staff.
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- Uncategorized
- Tags
- employment
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Asian Development Bank Commits to $1.5b in Loans for Indonesia’s Infrastructure Development
The Asian Development Bank pledged its support for Indonesia’s development plan and is committed to disburse at least $1.5 billion in loans to the country to help fund various infrastructure projects, the multilateral lender’s president said on Tuesday.
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- Uncategorized
- Region
- Asia Pacific
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Technology and Garbage Dreams in the Silicon Valley of India
The Indian city of Bangalore is home to more than 15,000 waste pickers — overall, India houses 1.5 million waste pickers. They earn their daily living by sifting through the city’s 4,000 tons of solid waste for recyclables they can sell for payment.
- Categories
- Technology
- Region
- South Asia
- Tags
- impact investing
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How Nanobiophysics Can Stop Ebola and Other Global Pandemics
In an age of cell phones, human genome sequencing, and Google self-driving cars, even the world’s best hospitals (and airports) are still relying upon a thermometer (a 400-year-old technology) to decide who to quarantine for Ebola. The result of these antiquated approaches for diagnosing Ebola has resulted in over 1,400 Ebola suspects in the U.S. today who still have not received a definitive diagnosis.
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- Health Care
- Region
- South Asia
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PRESS RELEASE: Asian Development Bank Loans $200m to Yes Bank of India to Fund Women’s Self-Help Groups, Small Farmers
The Asian Development Bank (ADB), a multilateral development finance institution based in the Philippines, has recently approved a loan of up to USD 200 million to Yes Bank Limited, an Indian commercial bank based in Mumbai. The loan will be on-lent to “2.5 million rural, low income women”[1] who are members of self-help groups and “up to 37,000 small-scale farmers”[1] working in rural areas of the country. The loan agreement also includes a provision for USD 1 million to be used for technical assistance for capacity building, including financial literacy training and product development.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Health Minister JP Nadda for Innovation of Cheaper New Drugs
Union Health Minister JP Nadda today underlined the need for innovation of new drugs at low cost which are affordable to the poorest, even as he sought to strike a balance between the commercial and medical spendings.
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- Health Care
- Region
- South Asia
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Institutional Investors Making Renewables Key Future Trend
Institutional investors are increasingly aligning their investments with energy technologies of the future, a new report claims.
- Categories
- Energy
- Region
- Europe & Eurasia
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96% of Financial Pros Say Industry Has a Trust Problem
Financial services providers agreed almost unanimously that the public doesn’t trust the industry, and they appear to be shouldering most of the responsibility for that lack of trust.
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- Uncategorized
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