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  • PM approves strategy to expand microfinance outreach to 3 mln households

    Prime Minister Shaukat Aziz has approved the strategy to expand microfinance outreach from one million to three million households by 2010. He was chairing a meeting here Wednesday to review the strategy prepared by State Bank of Pakistan (SBP) to increase the coverage of microfinance sector in Pakistan. The Prime Minister said Pakistan has come a long way in introducing and familiarizing the micro finance concept. However, strategic steps need to be taken and multiple approaches ...

    Source
    Associated Press of Pakistan (link opens in a new window)
    Region
    Asia Pacific
  • India, Inc. gets back to the basics

    Salvation in a sachet is passe now. Rural India will no longer be the playing ground of the FMCG bigwigs alone. In fact, many sectors such as telecom, IT, retail and education are at various stages of striking a deal with the aam aadmi. According to a recent Assocham report, the per capita income of semi-urban Indians is around Rs 15,000 per annum, whereas it?s Rs 7,000 per annum for rural populace. As per its findings, by 2012, the per capita income of rural population will do...

    Source
    The Economic Times (link opens in a new window)
    Region
    Asia Pacific
  • Reliance, Bharti may storm microfinance

    Reliance Retail and Bharti, which has joined hands with Wal-Mart, could storm the micro-credit space as they look to establish rural supply chain linkages to service their mega retail forays. According to sources, Reliance Retail is likely to move the RBI seeking permission to set up an NBFC arm that will operate as a microfinance institution (MFI). It may also look at partnering existing MFIs as part of its ambitious supply chain with rural and semi-urban markets for which the co...

    Source
    The Economic Times (link opens in a new window)
    Region
    Asia Pacific
  • Now that China eased market entry policies for banking institutions in rural China last month, seven commercial banks have applied to set up a subsidiary in rural areas. On Dec. 22, 2006, the China Banking Regulatory Commission (CBRC) published proposals to give financial institutions more market access in rural areas. The move was aimed to promote rural development. The CBRC has received applications from Minsheng Bank, Beijing Rural Commercial Bank, Tianjin Rural Cooperat...

    Source
    Xinhua (link opens in a new window)
    Region
    Asia Pacific
  • China’s development ’experiment’ key to future growth

    Maintaining a balance between environmental sustainability and the continuing process of urbanisation is a major issue facing the Chinese, write the researchers. Although much of China’s biodiversity is being threatened by rapid economic development and human activities, Tang Zhiyao and colleagues report the existence of ten biodiversity ’hotspots’ in mountain ranges that remain largely unaffected. Protecting these mountainous areas is critical for cons...

    Source
    World Business Council for Sustainable Development (link opens in a new window)
    Region
    Asia Pacific
  • Chinese Take a Turn at Turning a Sub-Saharan Profi

    Through all the iterations of the world?s engagement with Africa, most of its nations have remained stuck in an economic trap in which they primarily supply valuable raw materials to the developed world while serving as a marketplace for cheap manufactured goods.? But China seems to be offering Africa something new, a straightforward business relationship between equals based on mutual interest and noninterference in the internal affairs of its allies. Excerpts: China, it seems, is sudden...

    Source
    New York Times (link opens in a new window)
    Region
    Asia Pacific
  • Small business growth could reduce poverty in Indonesia: World Bank

    Excerpt: Small businesses, which employ millions of Indonesians, could become major engines of economic growth in this cash-strapped country and help reduce poverty, the World Bank has said. Indonesia’s 15.7 million small enterprises make up more than 90 percent of all businesses and employ up to 60 percent of the workforce, outside agriculture, but their growth is hindered by access to credit and poor infrastructure, the World Bank’s Indonesia director said in a report rel...

    Source
    TodayOnline.com (link opens in a new window)
    Region
    Asia Pacific
  • Workshop aims to help Vietnam’s poor take advantage of markets

    An organization called M4P is exploring how poor Vietnamese can escape poverty by taking advantage of the free market. At a recent workshop in Hanoi, experts said that using market forc es to fight poverty is promising, but far from easy.

    Source
    Voice of America (link opens in a new window)
    Region
    Asia Pacific
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