MICROLINKS HOSTS ONLINE DISCUSSION, ECONOMIC RECOVERY STANDARDS
The microLINKS Speaker’s Corner will host an online discussion called “Economic Recovery Standards”. The discussion will be around the Economic Recovery Standards, widely recognized among the international disaster and crisis response community for providing guidance on the minimum quality of actions expected in humanitarian responses in crisis-affected areas will be hosted. The forum provides the opportunity for participants to explore issues related to economic recovery interventions after a crisis and have their opinions and input directly affect the Standards.
Topics to be covered will include:
Day 1 – September 23: Cross-cutting and overall standards
Day 2 – September 24: Financial services and assets programming
Day 3 – September 25: Employment Creation and enterprise development
To register or to learn more about this discussion, visit the event website here.
Workers at Tanzanian’s National Microfinance Bank (NMB) have gone on strike after not receiving a lump sum benefit payment that was supposed to be paid to NMB by the government after an initial round of privatization in 2005. NMB’s management, who describe the strike as “illegal,” contends that the bank cannot pay the lump sum to workers because the government is yet to finalize the payment to NMB. The workers are represented by the Tanzania Union of Industrial and Commercial Workers (TUICO). Continue reading
Financiera Independencia, a microfinance lending firm based in Mexico, has appointed Didier Mena Campos as its new Chief Financial Officer (CFO). Mr. Mena Campos’ previous experience includes seven years at Credit Suisse Mexico, an expansive branch of the multiservice bank which holds USD 355.5 million total assets in the country. As Managing Director, he was co-responsible of investment banking in Central America and parts of Mexico, as well as strategic partnerships and mergers among larger financial institutions such as HSBC and GE Money. Continue reading
The Economic Times recently reported on the growing trend of partnerships between commercial insurance companies and microfinance institutions. The insurance companies cite “saving infrastructure costs” and “creating distribution channels” as economic motivators for working with MFIs. Companies involved in such partnerships include SKS India, Bhartiya Samruddhi Finance Limited (Basix), Royal Sundaram Alliance Insurance and TATA AIG Life. Continue reading
2008 CLINTON GLOBAL INITIAITIVE ANNUAL MEETING
SEPTEMBER 23-26, 2008, SHERATON NEW YORK HOTEL & TOWERS, NEW YORK CITY
President Clinton will host the fourth annual meeting of the Clinton Global Initiative (CGI), an event which will cover the topics of Education, Energy and Climate Change, Global Health, and Poverty Alleviation.
The program will assemble together more than 130 global leaders from the business, government, academia, science, religion, and non-governmental organizations. CGI is a meeting for participants to design and implement practical solutions to issues of worldwide concern.
Among participants confirmed to be in attendance are UN Secretary General Ban Ki-moon, Bill Gates, Queen Rania, Gordon Brown, Hamid Karzai, Al Gore, Barack Obama, John McCain, and Muhammad Yunus.
For more information regarding the event, please visit the event website here.