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Viewpoint: Should Paraguay invest its energy wealth in bitcoin ‘mining’ or fighting poverty?
The Itaipú dam is already enriching some, and they believe the country should invest more in cryptocurrency, while others argue it should spread Itaipú’s bounty more widely.
- Categories
- Energy, Technology
- Region
- Latin America
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In Kenya, free cash is the latest solution to poverty
Founded in 2010 and working in six African countries, Give Directly sends money straight to the poor allowing them to choose their own priorities, rather than outsiders "deciding instead of them", explains the non-profit's spokeswoman Caroline Teti.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Pope likes this kind of investing
At the inaugural conference, Pope Francis called for "markets (to) serve the interests of peoples and the common good of humanity."
- Categories
- Investing
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Press release: Nine new projects focused on financial inclusion to receive more than US $9 million
Lindsay Wallace, Director of Strategy and Learning at the Mastercard Foundation, said: “The aim of the FRP has always been to enable smallholder farmers and poor people living in rural Africa to reach their full potential by supporting new private sector initiatives that provide access to financial services. We’re very happy to see this latest round of selected firms, demonstrating the depth and breadth of ideas and action plans that will do just that.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nobel winner Muhammad Yunus wants two financial systems—one for the rich and one for the poor
Last month, the 10-year-old US division of Grameen announced that it had provided more than $1 billion in loans to 106,000 women. Over the next decade, it plans to provide $1 billion in loans every year, and nearly double the number of branches, to 42.
- Categories
- Finance
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IFC and Alipay Announce 10×1000 Tech for Inclusion Programme to Inspire Technology Leaders in Emerging Markets
Alibaba Group founder and Executive Chairman Jack Ma said that the programme aims to build an interactive and open platform to increase support for tech leaders and skilled individuals who are working to alleviate poverty and make basic financial services more broadly accessible in Indonesia, which will be the first stop of the programme within emerging markets.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Could this be the start of the end of world poverty?
There have been extraordinary achievements over the past 15 years on many fronts. Extreme poverty has fallen dramatically and child deaths have halved. Yet the pace of global poverty reduction is slowing and the number of extreme poor in Africa is still rising.
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Giving poor people cash is a good idea. Giving entrepreneurs cash might be a great one
As the country’s population continues to grow—the median age of in the country is only 18—the economy is struggling to create jobs at a sufficiently fast pace.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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