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IFC Supports Madagascar?s SME Sector with First-of-Its-Kind Investment
Antananarivo, Madagascar / Washington, D.C., June 13, 2006?The International Finance Corporation, the private sector arm of the World Bank Group, will provide joint risk-sharing with the Republic of Madagascar and two local banks to make loans available to owners of small and medium enterprises. This is the first joint investment under the International Development Association/IFC Pilot Program for Micro, Small, and Medium Enterprises in Sub-Saharan Africa. Henri Rabarijohn, IFC?s Country...
- Region
- Sub-Saharan Africa
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Immigrants from India spread business success to homeland
Excerpt: Bhatia and many thousands of Indian immigrants with strong ties to the USA and India are storming back to their ancestral homeland to cultivate business and cut deals. With 1 billion people, a rising wave of consumers and annual economic growth of 8% since 2004, India is the world’s most promising economy after China....
- Region
- South Asia
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Exposing the myth of Third World aid
Abstract: In a review of William Easterly’s new book, White Man’s Burden, Michael Duffy explores the problems of aid to the developing world and asks what can be done about them....
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Indian medical care goes global
Excerpt: With hospitals in India’s cities boasting first world medical care at third world prices, the country is poised for a major share in the multibillion dollar global healthcare market....
- Region
- South Asia
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Mobile phones bridging rich-poor divide
Abstract: Even in some of the world’s remotest locations, cell phones, which were once unheard of, have become an integral part of everyday life....
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Nigeria: Small Businesses and Economic Growth
Abstract: Anas A. Galadima explores the challenge of small business devevlopment in Nigeria....
- Region
- Sub-Saharan Africa
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PCs for Third World, by design
Abstract: Intel Corp. and Advanced Micro Devices Inc. (AMD) are taking their fierce rivalry to the Third World. At stake is an untapped emerging market of 3.8 billion people, whose purchasing power, according to World Bank figures, is less than $4,000 per household....
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Banking on Sustainability
Abstract: On Monday, The Financial Times, in association with the International Finance Corporation (the private-sector arm of the World Bank), announced its 2006 Sustainable Banking Awards. Sustainable banking incorporates social, environmental, and corporate-governance objectives into a bank’s operations, all based off the concept of sustainable development....