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Alliance Pushes Social Entrepreneurship Bill
An alliance of farmers, workers, community enterprises, business associations and fair trade groups is pushing for the approval of a measure designed to institutionalize social entrepreneurship (SE) nationwide.
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- Asia Pacific
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IFC Stakes 18.9% Equity in ACCION
ACCION International, parent company of Accion Nigeria and a pioneer in global microfinance, has signed an agreement with IFC, a member of the World Bank Group focused exclusively on the private sector, in which IFC will invest approximately $1 million in ACCION’s Chinese affiliate, ACCION Microfinance China (AMC). The investment will enable ACCION to strengthen the operations of AMC, which it launched in December 2009 in Chifeng Prefecture, Inner Mongolia, to deliver financial serv...
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- Asia Pacific
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China Raises Poverty Line: Is it Setting an Example for Poverty Alleviation?
China announced a new standard for defining poverty on Tuesday as it seeks to bridge the gap between the country’s wealthier and poorer classes. The central authorities have decided to raise the poverty threshold to 2,300 yuan ($362), in terms of a farmer’s annual net income, which marks an 80 percent rise from the 1,274 yuan standard in 2010. The 2010 figure was itself the result of marked revision; the standard was 206 yu...
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- Asia Pacific
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Bringing Online Education to Mongolia, in Wireless Backpacks
As a turbulent snowstorm whips across the vast, desolate Mongolian grasslands, a group of schoolchildren huddle over laptops, their eyes transfixed as the sagacious Sal Khan works through Newtonian physics. But Khan is only reaching these kids because of a bold initiative from another creative edupreneur: Neil Dsouza , age 27, cofounder of TeachAClass.org , ...
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- Asia Pacific
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Indonesia?s Green Prosperity
On November 19, 2011, in Bali, Indonesia, Secretary of State Hillary Clinton signed a new partnership agreement with the Government of Indonesia providing more than $600 million of U.S. aid through the Millennium Challenge Corporation (MCC). More than half of these investments are dedicated to "green prosperity"-the sound idea that sustainable natural resource management and clean energy technologies accelerate economic growth and poverty alleviation. What does this mean in practical te...
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- Asia Pacific
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China Reports Dramatic Drop in Rural Poverty
China has reported a dramatic decrease in rural poverty over the last decade. The number of rural citizens living below the national rural poverty line fell from 94.2 million people (10.2% of the rural population) in 2000, to 26.88 million (2.8%) last year, according to figures released Wednesday by China’s State Council. The sharp drop occurred despite the fact the national rural poverty benc...
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- Asia Pacific
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People from India, China Potential Customers for Future: President Barack Obama
WASHINGTON: Appreciative of achievements made in a short span of time by India and China in areas like poverty alleviation, US President Barack Obama has told top CEOs from the Asia-Pacific region that people of the two Asian giants are "potential customers" for the future. "Whether it’s China, whether it’s India, these emerging countries, what they’re accomplishing in a few short decades -- a...
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- Asia Pacific
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Bill Gates and the Chinese Government Want to Take On World Hunger
The world’s largest charitable foundation and one of the world’s more totalitarian governments might seem like odd bedfellows, but both, it turns out, have similar goals. The Bill & Melinda Gates Foundation announced that they are launching a far-reaching partnership with the Chinese government for international aid work on Wednesday. Over the coming months and years, the Gates Foundation and the Chinese Ministry of Scie...
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