Jobs, Not Microcredit, is the Solution to Poverty
December, 20 2013
Global - Microcredit does not help eradicate poverty; it might have some beneficial effects, but the reality is much less attractive than the promise. Creating opportunities for steady employment at reasonable wages is the best way to take people out of poverty ...
IFC Helps Support Micro-Enterprises in Morocco
December, 19 2013
Morocco - IFC, a member of the World Bank Group, is providing a loan of up to $20 million to Attawfiq Micro-Finance, part of an effort to help micro enterprises in Morocco and drive economic development across the country.
Microfinance’s Macro Potential
December, 17 2013
Global - Microfinance is, at its heart, an effort to provide financial services to people who are not served – or are under-served – by the formal banking system. With appropriate, accessible, and fairly priced financial services, people can build their savings, cover the costs of unexpected emergencies, and invest in their families’ health, housing, and education. ...
RPT-Fitch: Russian Retail Bank Rate Cap Plan Won't Stop Overheating
December, 11 2013
Russia - The aim of the new legislation is to restrict very high margin unsecured lending, which the CBR sees as riskier, while mortgages and car loans should be unaffected as their interest rates are significantly lower and do not vary significantly between banks. ...
India: The Microfinance Sentinels
December, 10 2013
India - The ability of an SRO to exercise regulatory authority does not necessarily derive from a grant of authority from the government ...
Prudential Moves into Insurance in Ghana
December, 05 2013
Ghana - Prudential is to begin selling insurance in Africa for the first time after agreeing to purchase a Ghanaian group that provides protection to individuals who live on less than $2.50 a day ...
Cambodia: Micro-Insurance Needs Revamp - UN
December, 03 2013
Cambodia - The UN urged government and financial organisations to stimulate Cambodia’s flailing micro-insurance industry yesterday, after a study found the country’s poor are vulnerable to indebtedness during a crisis ...
India Needs Innovative E-Payment Systems for Financial Inclusion
December, 03 2013
India - Disruptive game changing innovations in the payment systems will be critical to accelerate financial inclusion agenda of India, states a latest report on financial inclusion by EY titled, ‘Accelerating financial inclusion- The role of payment systems.’ ...