Digital payments in Africa: Malawi takes key step to advance digital payments and drive inclusive growth

  Government, private sector, mobile operators and development organizations convene to establish a plan for the future LILONGWE, Malawi, April 30, 2015 – Today, Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United… Read More Digital payments in Africa: Malawi takes key step to advance digital payments and drive inclusive growth

CGAP: What We Learned about the Poor and their Money in Senegal, Côte d’Ivoire

Did you know that low-income people living in Côte d’Ivoire are more likely to save than those in Senegal? Or that the reverse is true when it comes to borrowing? These are just two lessons we learned after completing two surveys of low-income individuals in Senegal and Côte d’Ivoire aimed at determining how people manage… Read More CGAP: What We Learned about the Poor and their Money in Senegal, Côte d’Ivoire

Inter-American Development Bank calls for solutions for financial inclusion of people with disabilities

Most voted projects may receive up to $50,000 in grants The Inter-American Development Bank (IDB) announced a call for innovative ideas to promote the inclusion of people with disabilities as financial sector clients and workers in Latin America and the Caribbean. The competition organized by the IDB’s Innovation Lab is open to public and private… Read More Inter-American Development Bank calls for solutions for financial inclusion of people with disabilities

The Private Sector and Poverty Reduction | World Bank IEG

The Independent Evaluation Group’s evaluation, Assessing IFC’s Poverty Focus and Results, aimed to contribute to the enhancement of IFC’s poverty focus and its effectiveness for greater poverty impact. Findings from field studies included in the report illustrate that success, or lack thereof, is a result of the manner in which each project addressed the fulfillment… Read More The Private Sector and Poverty Reduction | World Bank IEG

The Private Sector and Poverty Reduction | World Bank IEG

The Independent Evaluation Group’s evaluation, Assessing IFC’s Poverty Focus and Results, aimed to contribute to the enhancement of IFC’s poverty focus and its effectiveness for greater poverty impact. Findings from field studies included in the report illustrate that success, or lack thereof, is a result of the manner in which each project addressed the fulfillment… Read More The Private Sector and Poverty Reduction | World Bank IEG

EU: Access to finance major problem for SMEs

The European Commission published the results of the new ”Flash Eurobarometer: SMEs’ access to finance”. The survey, conducted with 9071 firms in 27 EU Member States, Croatia, Iceland and Norway, was set up to assess EU companies’ use of various sources of finance, to get a picture of the magnitude of companies’ difficulties in getting… Read More EU: Access to finance major problem for SMEs

Launch of a new financial product for development

AFD and Crédit Agricole Asset Management have launched CAAM AFD Avenirs durables (Sustainable Futures), an innovative mutual fund that allows savers to participate in financing projects in developing countries. This innovative product aims to create new sources of financing for development, while at the same time meeting the demands of savers seeking socially responsible investments… Read More Launch of a new financial product for development

The Global Financial Crisis: What does it mean for microfinance?

In most past financial crises – like those of the 1990s in Asia, Mexico, and Russia – financial services for poor people have been remarkably resilient. In fact, the quality of the loan portfolios of microfinance institutions (MFIs) during the Asian crisis and in Latin America during various banking crises barely quivered, while corporate portfolios… Read More The Global Financial Crisis: What does it mean for microfinance?