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For the first time, the combined GDP of poor nations is greater than the rich ones
For the first time ever, the combined gross domestic product of emerging and developing markets, adjusted for purchasing price parity, has eclipsed the combined measure of advanced economies. Purchasing price parity—or PPP for short—adjusts for the relative cost of comparable goods in different economic markets.
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Grameenphone secures $345m to widen rural network
Grameenphone is set to receive $345 million funds from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to expand its coverage in rural areas.
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- Technology
- Region
- South Asia
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Seminar on Islamic microfinance: SBP stresses upon Islamic finance industry to develop Islamic microfinance
State Bank of Pakistan has stressed upon the Islamic finance industry should take steps to make individual as well as collaborative efforts to develop Islamic microfinance in the country.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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The Consequences of Impact Investing on Philanthropy
As the investment culture expands from simply the bottom line of profit to an increased focus on the triple bottom line (social, environment and profit), philanthropy will continue to be an essential catalyst in unlocking the potential of impact investing. This is because these game-changing funding models may not achieve the necessary scale to produce a profit without some initial subsidies.
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- Uncategorized
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Rethinking microfinance’s role in fight against poverty
Much has been said about microfinance. Heralded once as the ultimate tool for alleviating poverty worldwide, it was badly hit by accusations of illegal and immoral practices in India’s Andhra Pradesh in 2010-2011 and, since then, has lost some of its shine.
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- Uncategorized
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Why Profits, Entrepreneurship, And Social Good Are Not Incompatible
Why should poor people receive the most obsolete technologies—when their lives can be impacted the most by advances in technology? Should my education and talent be used to make rich and powerful corporations even more so—or to help those in need? These are questions that Alfredo Zolezzi agonized over after achieving early success as a scientist and entrepreneur.
- Categories
- Impact Assessment
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Telemedicine Improves Patient Outcomes: Study
Telemedicine technology is a hot commodity these days -- but is it actually effective in improving patient outcomes? Researchers at UC Davis Children's Hospital say it is.Researchers found telemedicine consults significantly improved outcomes for patients treated in rural pediatric emergency departments that lack pediatric specialists.
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- Health Care
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Uganda: Doctors Get Offers They Can’t Resist
Every two days, at least one doctor heads to the airport of a poor African country and flies off to work in Europe or America. Up to 2000 doctors have left in the last 10 years; leaving Africa with the highest disease burden in the world and the lowest number of health workers.
- Categories
- Health Care
- Region
- Sub-Saharan Africa