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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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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
- Entrepreneurship, Finance
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Perspective: A global tipping point: Half the world is now middle class or wealthier
So September 2018 marks a global tipping point. After this, for the first time ever, the poor and vulnerable will no longer be a majority in the world. Barring some unfortunate global economic setback, this marks the start of a new era of a middle-class majority.
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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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Bill and Melinda Gates Sound The Alarm on Poverty
“We usually express our optimism by highlighting some of the recent mind-blowing improvements in the human condition—like the fact that advances in medicine have saved 50 million lives just since we started our foundation in 2000. We believe it’s worth repeating that until we’re blue in the face,” they begin.
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New Yunus Social Business Centre to be established in Malaysia
Nobel Laureate Muhammad Yunus recently signed a memorandum of understanding (MoU) with the Sunway Education Group (SEG) founder Tan Sri Dr Jeffrey Cheah endorsing the establishment of the new Yunus Social Business Centre (YSBC) at the Sunway City campus.
- Region
- Asia Pacific
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Fewer Poor People are Saving: What Does That Mean for Microfinance and Mobile Money?
As the world grows richer and the financial inclusion movement steams ahead, savings rates are abysmally low across the globe. In fact, over half of all adults on the planet saved nothing in the last year – neither bank deposits nor cash stuffed in drawers. In the third of a four-part series analyzing the much-discussed 2017 Global Findex, Scott Graham of FINCA International explores the savings habits of individuals worldwide – particularly in the developing world – and the implications for financial services providers.
- Categories
- Finance
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Female-owned businesses driving economic growth, reducing inequality in Ghana
Microenterprises owned by females have been promoted as a powerful engine of economic and social growth, poverty alleviation and a promenade to the elimination of gender inequality. At the same time, research has documented gender gaps in microenterprise business performance and investment, which can serve to reproduce gender inequality and hinder economic growth.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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