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  • Village banks offer hope in Asia, by Donald Greenlees

    The concept of the village bank was brought to the people of Ban Taling Chan soon after the tsunami by Mechai Viravaidya, who became a celebrity in Thailand for promoting the use of condoms, curbing population growth and the spread of HIV. Mechai, chairman of the Population and Community Development Association, has a simple principle for his aid programs: The route out of poverty is business, not charity. Charity is a dead end, he said. Once your funds run out, you ...

    International Herald Tribune
  • Chinese seek resources, profits in Africa, by Rob Crilly

    Aid only goes so far, he says. The key is development. Chinese companies are building roads, providing telecom equipment and building power networks. It is important to our economy, but there is also a big benefit to the developing country because we bring a lot of experience in this field. Trade tripled from 2000 to 2004, according to the Chinese Ministry of Commerce, as China tapped into Africa’s natural resources and foreign earnings it needs to fuel rap...

  • How to Help Poor Countries, by Nancy Birdsall, Dani Rodrik, and Arvind Subramanian

    Summary: Increasing aid and market access for poor countries makes sense but will not do that much good. Wealthy nations should also push other measures that could be far more rewarding, such as giving the poor more control over economic policy, financing new development-friendly technologies, and opening labor markets. Getting Development Right The year 2005 has become the year of development. In September, at the UN Millennium Summ...

    Foreign Affairs
  • Banks adapt to cater for the fast growing informal sector

    It is evident from the Financial Times Banking Fair that banks are refining their offerings to small and medium-sized enterprises (SMEs) in Tanzania, the fastest-growing segment of the business market in the country. The two-day Banking Fair was sponsored last week by this newspaper with an aim to bring together financial institutions and the public so that the lending-borrowing relationship is enhanced. The government is also pushing for banks to increase access to finan...

    IPP Media
  • Social Fund Invest in SME Capacity Project

    Substantial support for SMEs came this week in the form of a Nedbank SME Development Project, which was launched on Thursday. Many SMEs disappear from the scene mainly due to the shortage of bookkeeping skills, said the Minister of Trade and Industry, Immanuel Ngatjizeko, in his keynote address to mark the project’s official launch. Nedbank Namibia’s Social Investment Fund will make available N$350 000 for SME development over a three-year period. The p...

    Namibia Economist
  • Mozambique President Armando Guebuza Unveils The Newly Branded ’Zambique’ Cashew Nut for Export to U

    Effective U.S. Foreign Assistance Program Underscores Benefits of Win-Win Public-Private Linkages with African Entrepreneurs President Armando Guebuza of Mozambique, leading U.S. government officials, and TechnoServe today unveiled a newly branded cashew nut, Zambique, for its first export sale to a U.S. buyer, Suntree. This brand launch and new business-linkage demonstrates how targeted U.S. f...

    Sub-Saharan Africa
  • Fair-Trade Coffee Boost: Calvert Foundation Distributes Starbucks Investment Aiding Nearly 25,000 La

    One Year After Investment: Pre-Financing Used to Make Possible the Sale of Over 22.3 Million Pounds of Coffee, Improve Circumstances for Small Coffee Farmers One year after the Starbucks Coffee Company invested $1 million to support Latin American coffee farmers, the Calvert Foundation reported today that it so far has recycled those funds into $2.7 million worth of loans to coffee cooperatives, b...

  • Grading scheme for microfinance institutions

    Rating agency Crisil and the National Bank for Agriculture and Rural Development (Nabard) today announced launch of a grading scheme for micro-finance institutions (MFIs). As part of the MFI grading scheme, Nabard will reimburse banks the grading fees paid to Crisil. The scheme will be operational initially for a year. The scheme will support the grading of those MFIs having a loan outstanding between Rs 50 lakh and Rs 5 crore. ?Barring a few, most MFIs are u...

    Business Standard
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