A small boost in microlending to the developing world could lift more than 10.5 million people out of extreme poverty. That’s one conclusion of my study, published last month in The B.E. Journal of Macroeconomics, which found that microfinance not only reduces how many households live in poverty but also how poor they are.
When Prime Minister Narendra Modi addressed the Indian parliament for the first time in June 2014, his inaugural speech focused on integrating and protecting India’s Muslims.
“Even the third generation of Muslim brothers, whom I have seen since my young days, are continuing with their cycle-repairing job,” he said, referring to one of the many menial jobs to which Indian Muslims are often relegated. “Why does such misfortune continue?”
Jim Yong Kim is set to begin his second five-year term as World Bank president on July 1, having been unanimously reappointed by the United States and with clear support from Brazil, China, and France in September 2016.
Banks are in such poor conditions that it affects Tunisians' day to day lives.
Skid Row in Los Angeles, a city where rich and poor live in very close proximity -- for better and for worse. Lucy Nicholson/ReutersThe cities of the Americas are unequal places.