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Washington International Monetary Fund CGAP Tagged Articles



6.0 References: Microfinance in Africa - Experience and Lessons from Selected African Countries
References

Other Washington International Monetary Fund CGAP Related Articles

Slim’s Pickings: The Start of the Billion Dollar Business
Helu’s big break came in the 1990s, when the Mexican government succumbed to pressure from the World Bank and International Monetary Fund to liberalize its country’s economy. A massive campaign of privatization began, with the government selling off the hundreds of companies that were state-owned. Among those companies was Telefonos de Mexico (Telmex), the Mexican national telephone company.

Wanted: jobs for Africa’s youth - Job Plans
However, most countries have not yet incorporated job creation plans into their national development frameworks. The national strategies include anti-poverty programmes, commonly based on Poverty Reduction Strategy Papers (PRSPs). These are documents developed with assistance from the World Bank and the International Monetary Fund (IMF) to set national priorities, direct spending of debt-relief funds and coordinate donor programmes.

The State of the Microcredit Summit Campaign Report 2006
In 1997, RESULTS Educational Fund, a U.S.-based non-profit organization, organized the Microcredit Summit. The summit focused on catalyzing the international development community to recognize that scaling up microfinance was essential to reaching the Millennium Development Goals and creating a just world.

References
Local Entrepreneurship in Southeast Asia and Subsaharan Africa: Networks and Linkages to the Global Economy, By: Deborah Bräutigam, School of International Service, American University, Washington, DC
International Year of Microcredit Advisors Visit Kenya and Uganda: Princess Maxima, Diederik Laman Trip and Marilou van Golstein Brouwers Promote Microfinance on the Continent
In the third week of February 2005, The Netherlands' Princess Maxima, ING Netherlands Chairman Diederik Laman Trip and Triodos Bank Senior Fund Manager Marilou van Golstein Brouwers visited Africa to promote the International Year of Microcredit and the importance of microfinance in the global fight to eradicate poverty.

Microfinance as Key Poverty Reduction Strategy Paper (PRSP) Component: The Majority of PRSPs Include Access to Financial Services
By the late 1990s, it was clear that something was not working in the field of development. Deteriorating economic growth in Sub-Saharan Africa, the failure of Structural Adjustment Programmes used by the World Bank and International Monetary Fund (IMF) and the question of how to link debt relief to poverty reduction led policy makers to adopt the Poverty Reduction Strategy Paper (PRSP) initiative in September 1999.

Old Mutual and South Africa’s Department of Trade and Industry (DTI) Launch USD 12.9M Microfinance Initiative, Isivande Women’s Fund (IWF)
The Department of Trade and Industry of South Africa (previously reported) has teamed with Old Mutual Group’s Masisizane Fund to launch the Isivande Women’s Fund (IWF), financing women-run enterprises in the country.
Old Mutual and South Africa’s Department of Trade and Industry (DTI) Launch $12.9m Microfinance Initiative, Isivande Women’s Fund (IWF)
The Department of Trade and Industry of South Africa has teamed with Old Mutual Group’s Masisizane Fund to launch the Isivande Women’s Fund (IWF), financing women-run enterprises in the country. The new fund is the result of a 2006 study conducted by the DTI’s Gender and Women Empowerment Unit, the International Finance Corporation (IFC), and FinMark. The study found that although women are more responsible managers of credit than men, they only receive 30 percent of loans, with black women receiving the least funding.

Even George Washington Almost Got Canned Once
Did you know that in 1777, there was an effort to force George Washington to retire from the military service? I didn't -- until I took a look at Mark McNeilly's George Washington and the Art of Business: Leadership Principles of America's First Commander-in-Chief.

The Currency Transaction Levy: An innovative source of SMEs financing
James Tobin (Nobel Memorial Prize in Economic Sciences in 1981) was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax". This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive. He suggested that the proceeds of the tax could be used to fund projects for the benefit of Third World countries, or to support the United Nations. James Tobin and other economists, e.g. David Felix, Rodney Schmidt, Paul Bernd Spahn have examined the possibility of levying a charge on international monetary transactions as a means to reduce exchange rate volatility and promote international economic stabilit
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