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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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Press release: FINCA International and USAID PACE launch FINCA Forward, a fintech innovation platform
Emerging fintech businesses are fundamentally transforming financial services, employing new data analysis solutions and digital delivery systems, in ways that can have substantial outcomes for the world's poor.
- Categories
- Finance
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Accelerating the SDGs: How Digital Finance Can Ignite Faster Progress Toward the Global Goals
With 2030 gradually drawing nearer, how can the world accelerate progress toward the Sustainable Development Goals? Global leaders discussed that question at the United Nations General Assembly last week, and according to Ruth Goodwin-Groen at the U.N.-based Better Than Cash Alliance, digital financial inclusion is emerging as a key answer. She discusses how digital financial services can be an important part of the solution for critical issues like hunger, health and climate change – and profiles a few of the growing number of governments and companies that are leading by example.
- Categories
- Finance
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Press release: State of Blended Finance report 2018 reveals growth of blended finance market
“In two years since Convergence has launched, we have seen blended finance enter the mainstream, leaving a mark on not just major meetings and conferences around the world but in international development policy and strategies,” says Joan Larrea, CEO at Convergence. “This report breaks through the noise to give practitioners a clear sense of the current trends and best practices, so they can steer the right blend of capital into transactions that address the SDGs.”
- Categories
- Investing
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Global goal to end poverty by 2030 unlikely to be met, World Bank says
Without significant shifts in policy, about 480 million people - some 6 percent of the world - will remain in extreme poverty in 2030, the majority in poor African countries which are lagging behind, it said in a forecast document.
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