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Does the World Still Need the World Bank?
There will always be a need for a World Bank, which celebrates a birthday of sorts Tuesday. There is no need for a World Bank with more than 10,000 employees.
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India’s youngest bank Bandhan to empower women, rural folk
Innovative microfinance company Bandhan will operate as a bank from October next year and focus on empowering women and rural people, says its chairman and managing director Chandra Shekhar Ghosh.
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- South Asia
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India PM Modi to unveil comprehensive financial inclusion schemes on Aug. 15 – here’s a sneak peek
Mumbai: Prime Minister Narendra Modi is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced at the Red Fort in his address to the nation on the Independence Day.
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- South Asia
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Norms on small banks fail to impress micro lenders
The Reserve Bank of India's (RBI) draft guidelines for licensing of small banks has failed to impress microfinance companies.
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- South Asia
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World Bank Group (WBG) Loans $500m to Government of Indonesia for Financial Sector Reform
World Bank Group (WBG) Loans $500m to Government of Indonesia for Financial Sector Reform, Including to Boost Financial Inclusion
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- South Asia
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Failure to Launch: Why Mobile Money Hasn’t Taken off in Nigeria – And How the Sector Can Turn Things Around
In contrast to other African countries, Nigeria’s digital finance sector has yet to take off, with one survey finding that just 0.01 percent of Nigerians have a mobile money account. Critics suggest the lack of progress is due to banks rather than telecoms leading the charge. But research from the Helix Institute of Digital Finance suggests that other factors may be responsible - and points toward some solutions.
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- Education, Finance, Technology
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Weekly Roundup – 7/19/14: Can’t we all just get along?
In a week marked by conflict and tragedy on the global stage, the financial world experienced its share of both. And though this was balanced with a fair amount of good news, even the positive developments sparked discord. We explore these issues in this weekly roundup.
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On Capitol Hill, a brief simulation of what poor Americans go through each day
U.S. Rep. Daniel Kildee (D-Mich.) had just finished voting on highway construction funding before he was rushed to a meeting room and thrust into the anxiety-ridden world of Ann and Albert.
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