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African Development Bank promises Kenya $500 million loan for infrastructure projects
African Development Bank (AfDB) will loan Kenya Sh45 billion ($500m) this year to finance major infrastructure projects in the country.
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- Region
- Sub-Saharan Africa
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How One Man Brought Health Care to India’s Poorest Populations
Shelley Saxena, a mobile technology entrepreneur in Atlanta, had a head start when he launched Sevamob, a distribution system for low-cost preventive health services across India. But that didn’t save him from having to make a few strategic pivots as his new business grew.
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- Health Care
- Region
- South Asia
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‘We Don’t Think Charity Is the Way to Resolve Global Inequality’ Says Oxfam International Boss
The James Ashton Interview: The executive director of Oxfam International, was in Davos last week campaigning to close the huge gap between the world’s haves and have-nots.
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PRESS RELEASE: The Aspen Institute Appoints Ida Rademacher as New Executive Director of the Initiative on Financial Security
The Aspen Institute is pleased to announce today that Ida Rademacher has joined the Institute as the new Executive Director of the Initiative on Financial Security, effective immediately. In this role, Rademacher will lead the Initiative into a new phase of engagement with leaders from the financial services, government, and independent sectors to explore how the rapidly evolving financial system and public policies can work together to improve the financial security and financial well-being of all Americans. Rademacher's work will expand the Initiative on Financial Security's efforts to bring to the national forefront a solutions-focused discussion of how America can address growing wealth inequality and household financial insecurity.
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Press Release: Brandee McHale Named President of the Citi Foundation and Director of Corporate Citizenship for Citi
Today, Citi announced that Brandee McHale has been appointed President of the Citi Foundation and Director of Corporate Citizenship for Citi, effective February 1st. Ms. McHale will succeed Pamela Flaherty, who is retiring at the end of January after 46 years with Citi. Ed Skyler will remain Chairman of the Citi Foundation.
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Microcredit Does Not Live Up to Promise of Transforming Lives of the Poor, Six Studies Show
Microcredit—providing small loans to underserved entrepreneurs—has been both celebrated and vilified as a development tool. Six new studies from four continents bring rigorous evidence to this debate, finding that while microcredit has some benefits, it is not a viable poverty alleviation tool.
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Peace Through Finance?: How the Middle East Investment Initiative uses financial tools to help a troubled region
It often seems like a unique set of religious and tribal conflicts are responsible for the Middle East’s problems. But they’re also driven in part by a more universal concern: a weak economy. That’s why the Middle East Investment Initiative is delivering finance and technical assistance that stimulate sustainable economic growth in the region. We discuss this approach with the organization’s CEO and Managing Director in part 1 of this Q&A.
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Teaching the Poor to be Better Customers: Marketplace literacy is the missing piece in the poverty fight
The knowledge gap results in lost wages and limited opportunity for poor people to lift themselves out of poverty. The answer, argues Business Professor Madhu Viswanathan, is marketplace literacy efforts that help the poor evaluate opportunity costs (money, time and effort) of buying a product or service. He reflects on the Marketplace Literacy Project, which he founded more than 10 years ago.
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