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Press Release: Acumen Launches Expansion to Tackle Poverty in Latin America
Acumen announced today its expansion to support social entrepreneurship in Latin America. The pioneer in impact investing will be headquartered in Bogotá and will invest in innovative entrepreneurs and enterprises in Colombia and Peru to drive faster, sustainable solutions to poverty and create new paths forward to tackle economic inequality. While extreme poverty in Latin America has declined by half, more than 80 million people still live on $4 a day and more than 200 million are at risk of being pulled back into poverty by economic instability and climate change.
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- Uncategorized
- Region
- Latin America
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Goodbye, Kerosene: How Solar Could Transform Africa
Africa is in the midst of a technological revolution, and it's increasingly solar powered.
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- Energy
- Region
- Sub-Saharan Africa
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Why Is Pakistan So Far Behind Its Neighbors in Financial Inclusion?
Just this month the World Bank released the 2014 edition of its Global Financial Inclusion (Findex) database. Findex provides useful indicators on savings, borrowings, and payments made by people across the world. The data indicate that the global, adult, banked population stood at 62 percent as of 2014 end, but that still leaves a whopping 2 billion folks that still remain un-banked.
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- South Asia
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Viewpoint: We Need a New Global System of Disaster Insurance
Natural disasters like the devastating earthquake in Nepal constitute a highly uncertain but quantifiable risk. No one can say for sure when a major earthquake will strike. But the fault lines are known. We need a new global system of disaster insurance, akin to how homeowners guard against calamity.
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- Uncategorized
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- South Asia
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Viewpoint: The Evolving Microfinance Revolution Has Yet to Run Its Full Course
Forty years ago, before microfinance was called microcredit, before it even had a name, I made $50 loans to 800 Guatemalan farmers in the form of six bags of 12-24-12 fertilizer, which dramatically increased their yields on the plots of maize and beans they cultivated.
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World Bank $500 Million Facility and Improving Maternal and Child Health in Nigeria
The Board of Executive Directors of the World Bank Group, last month, approved a $500 million International Development Association (IDA) credit for Nigeria.
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- Health Care
- Region
- Sub-Saharan Africa
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In a Slum in Kenya, Help Is Just a Click Away
In a Nairobi, Kenya, slum, residents used technology to map the area, a key first step in solving problems from waste removal to street lighting. Those with phone can now report problems more accurately.
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- Health Care
- Region
- Sub-Saharan Africa
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Press Release: MasterCard Fndn. Announces $150,000 Award for the Most Client-Centric Organization Advancing Financial Inclusion
The MasterCard Foundation today announced the opening of its Clients at the Centre Prize competition, a US$150,000 initiative to find and recognize the most customer-focused organization working to enable poor people in developing countries to access formal financial products and services.
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