The Bank has made the entire report of this ad hoc group of its Executive Board available online. The report concludes that Mr. Wolfowitz violated World Bank rules and had a de facto conflict of interest when he directed that a salary increase be made to Ms. Riza in excess of those allowed by World Bank organizational policies. The Executive Directors will meet with Mr. Wolfowitz at 5:00 p.m. on Tuesday, May 15, 2007m as part of their deliberations on the report. The website provides a PDF file more...

The Junior 8 Summit 2007 brings together 13 to 17 year olds from the G8 countries with young people from all over the world. You don’t have to be from the G8 to participate though. Join in the Global Forum! The Junior 8 Forum is the place to discuss your ideas on global issues with other young people from all over the world. This is a great way to have your voice heard if you are from a country that is not part of the G8. Visit the forum here to register and start contributing! Participate in more...

Vietnam Microfinance Working Group is an informal national network of Vietnamese MFIs nationwide.

Background
Vietnam Microfinance Working Group (MFWG) was founded to create a forum for microfinance practitioners to share experiences with each other, come together to debate relevant issues, and speak to policy makers with a unified voice. The goal of the MFWG is “to enhance the impact of microfinance on poverty alleviation by promoting quality and sustainability of microfinance in Vietnam more...

En cinco años, millones de personas, incluso en regiones remotas de países en desarrollo, podrían estar manejando sus finanzas personales desde su teléfono móvil u otros dispositivos tecnológicos.

Esa es la meta de un programa de US$26 millones que recurrirá la tecnología para prestar servicios bancarios a la población pobre en todo el mundo.

Si logra los resultados esperados, los países en desarrollo podrán dar un gran salto en el desarrollo del sector financiero y “hacer que more...

This year’s DM, which paired up with the World Bank Health, Nutrition and Population (HNP) units to focus on improving health, nutrition and population services for the poor, attracted a record high of nearly 2,900 applicants.
Contributed by Denise Senmartin, 12 Mar 2007

TIAW observed its 25th Anniversary with an International Campaign to Raise Funds for 25 Village Banks in 2005. The Campaign promoted access to micro business loans for impoverished women, in honor of the United Nations “International Year of Microcredit” which coincided with TIAW’s 25th anniversary. According to Patricia Foley-Hinnen, Chair of the Microenterprise Development Program, TIAW plays a pivotal role in raising awareness about the plight of women in poverty. She cites mind bogglin more...

At the Clinton Global Initiative in September 2005, American International Group, Inc. (AIG) announced a $5.25 million, three-year partnership with ACCION International that will help ACCION deliver financial services and literacy programs to three million entrepreneurial poor in 33 countries, dramatically expanding the reach and sustainability of microfinance in emerging markets. AIG’s contribution will assist ACCION in developing a range of dynamic new initiatives and products to improve the more...

Congratulations to Mohammed Yunus and Grameen Bank, the winners of the 2006 Nobel Peace Prize. Mr. Yunus and the bank he founded were recognized for developing microfinance as a way to eliminate poverty. In 2004, Mr. Yunus accepted the inaugural Development Gateway Award on behalf of the Grameen Bank for its Village Phone program, which used microcredit and information and communications technology to help female entrepreneurs start a business providing wireless payphone service in rural areas o more...

October 6, 2006

Indian MicroInsurance Awards launched to help sector develop.

ING Group and PlaNet Finance India today announced that they have joined hands to institute the MicroInsurance Awards (MI Awards) 2007, which aim to build a comprehensive inventory and identify existing best practices in product design and distribution channels implemented by existing micro insurance schemes in the country. The initiative also intends to promote the development of new products and delivery models more...

El Gobierno de Misiones y la Cooperativa de Trabajo Selva Adentro, responsable de la gestión del proyecto ecoturístico Cabure-í en Andresito, firmaron el martes un convenio que establece, ente otras cosas, destinar el 40 por ciento de las ganancias al fortalecimiento del desarrollo local del ecoturismo. El documento fue firmado en el marco de la entrega de los derechos de ocupación para la construcción de hoteles en las 600 hectáreas de Puerto Iguazú, con la presencia del ministro de Ecol more...