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Indonesia Receives Us$500 Million from World Bank in Support of Financial Sector Reform Policies
WASHINGTON, July 1 -- World Bank issued the following news release:The World Bank'sBoard of Executive Directors approved today a US$500 millionFinancial Sector Reform and Modernization Development Policy Loan for the Government of Indonesia. The loan supports Indonesia's policies aimed at reinforcing the stability of the financial system, diversifying the financial sector, and expanding financial inclusion to reach the poor and other underserved groups.
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- Uncategorized
- Region
- South Asia
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Ugandan banks look to expand reach through agents
At least six banks have expressed interest in using agents to reach out to people outside the formal banking institutions, Bank of Uganda has said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Impact investor money chasing very few investible companies in India
Venky Natarajan, Managing Partner at impact investment fund Lok Capital, speaks to BUSINESS TODAY about impact investing in India.
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- Uncategorized
- Region
- South Asia
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Orissa-based Milk Mantra raises $13M in Series C led by Fidelity Growth Partners
The transaction also had a secondary component where 25 angel investors and an old fund under Aavishkaar have exited.
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- Health Care, Impact Assessment
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Consumer Federation of Kenya fights off claim of bias in mobile money war
Pressure is mounting on the Consumer Federation of Kenya ( Cofek) to stop opposing the award of licences to Equity Bank and two other Mobile Virtual Network Operators (MVNOs) and support the venture.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile virtual operators compete with established players in Africa
Players in the traditional telecoms market have struggled in countries where extensive infrastructure is needed
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- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday – The Cash Paradox: Is cash the poor’s best friend – or secret enemy?
Advocates for the poor often argue that cash is the most trustworthy payment instrument - especially for the unbanked. And a cash economy would appear to offer them advantages in inclusiveness and convenience. But as Bhaskar Chakravorti describes it, the poor also pay a heavy price for the usage of cash, both in the U.S. and in emerging economies.
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- Uncategorized
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Impact investing on the cusp of mainstream wealth management
The news releases arrived in noteworthy succession throughout 2013. Morgan Stanley,UBS AG, The Goldman Sachs Group Inc., and JPMorgan Chase & Co. — some of the biggest names in the financial services industry — announced plans to establish or augment their activities around impact investing.
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- Uncategorized
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