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Press Release: New Report Details How Central Banks and Development Finance Institutions Try to Affect the World’s Environmental, Societal, and Financial Systems
Central Bank and Development Finance Institution Approaches to Investing in Global Systems analyzes six central banks (including two U.S. Federal Reserve System regional banks), seven DFIs, and one microfinance bank, all of which are known to be incorporating environmental, societal, or financial systems-level considerations into their programs.
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- Uncategorized
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One Million Colombians Entered the Formal Financial System for the First Time in 2016
Of those who were added to that total last year, more than half were women and more than 70% were between the ages of 18 and 40.
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- Uncategorized
- Region
- Latin America
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Entrepreneurs Are the Same Person All Over the World. And That’s a Good Thing.
Steven R. Koltai, an entrepreneur and international development expert, believes the U.S. and other powerful nations should give to seed funds and invest in accelerators for foreign startups because "entrepreneurs are the same person all over the world." They aren't interested in socio-political and religious grievances that lead to violence and war, he says, but are a "bridge" class of people, capable of linking nations and cultures.
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- Entrepreneurship, Investing
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Managing Trade-Offs Between Impact and Profit – Finding the Formula for BoP Business
Eugenia Rosca's study of small enterprises in BOP markets reveals that many of them have similar characteristics and are founded to respond to highly pressing local issues. The businesses usually identify a social need and develop a market to address it; then, in time, around one-third of them reported an increased orientation toward economic goals. To be successful, they should acquire skills, resources and capabilities for both social and economic activities.
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- Entrepreneurship, Environment
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Clearing the Way for Clean Energy Investment in Emerging Markets
Investment in renewables in emerging markets is growing, helped by the combination of high energy demand with declining prices, and banks in OECD nations are playing a larger role in financing the projects. Still, despite the growth opportunities, there are several key obstacles confronting those looking to invest in clean energy. Ankit Mishra discusses ways to reduce some of these challenges.
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Banking the unbanked in emerging markets
Unlike the U.S., however, where 93% of people have banking options, many in developing markets do not. Globally, an estimated 2 billion adults lack access to formal financial services. The services that are available are typically cumbersome and expensive.
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- Uncategorized
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Remittances to Developing Countries Decline for Second Consecutive Year
Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of the Migration and Development Brief, released today during the World Bank’s Spring Meetings. The Bank estimates that officially recorded remittances to developing countries amounted to $429 billion in 2016, a decline of 2.4 percent over $440 billion in 2015. Global remittances, which include flows to high-income countries, contracted by 1.2 percent to $575 billion in 2016, from $582 billion in 2015.
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- Uncategorized
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Nomura launches fintech partnership in India
As part of its attempts to encourage entrepreneurship in the financial market space, Japanese financial major Nomura has launched its 'Voyager -Nomura FinTech Partnership' in India. The global financial major is inviting entrepreneurs to participate in the program to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, said a statement issued by the company.
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- Entrepreneurship
- Region
- South Asia
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