the fact of the rivalry with the neighboring countries about the Spratleys Islands, lower dependence on exports, relatively resilient domestic consumption, a rapidly expanding business process outsourcing industry and most especially the large remittances from millions of overseas Filipino workers (OFW). Moreover, our country has received several credit rating upgrades on its sovereign debt, and has had little difficulty on tapping domestic and international markets to finance its deficits. Administration
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access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[1] Many of those who promote microfinance generally believe that such access will help poor people out of poverty, including participants in the Microcredit Summit Campaign. For others, microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses. Microfinance is a broad category
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Autumns Internship Project KPMG Strategic and commercial Intelligence Department Inverting the Pyramid: Inclusion in the Financial Services Industry Final Project Report 19/11/2010 Submitted By: Hufriya Kavarana PGP-09-031 S.P. Jain Institute of Management and Research, Mumbai Inverting the Pyramid: Inclusion in the Financial Services Industry 2 | P a g e Table of Contents Preface .......................................................................................................
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micro-entrepreneurs, small farmers, fishermen) with access to credit and helping them improve their lives by encouraging entrepreneurial activity (Arch, 2005; Bhatt & Tang, 2011; Khandker, 1996; Llanto, 2004). It has also proven to be “a potent tool for poverty reduction by helping the poor increase their income, smooth consumption, build assets, and reduce their vulnerabilities in times of contingencies and economic shocks” (Micu, 2010, p.4). As an industry, microfinance has grown tremendously
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which have lifted millions of people around the world from poverty. The Department of Social Welfare and Development (DSWD) is the lead government agency of the 4Ps. The 4Ps has dual objectives as the flagship poverty alleviation program of the Aquino administration: *social assistance, giving monetary support to extremely poor families to respond to their immediate needs; and *social development, breaking the intergenerational poverty cycle by investing in the health and education of poor
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July-December 2011 Monetary Policy Statement July 27, 2011 Monetary Policy Department Bangladesh Bank 1 Monetary Policy Statement H1 FY12 (July December 2011) Executive Summary Introduction: This (twelfth) issue of Bangladesh Bank’s (BBs) half yearly Monetary Policy Statement (MPS) outlines the monetary policy stance that BB will pursue in H1 FY12 in the context of unfolding near term developments in the domestic and global scenes. The ex ante announcements of monetary policy
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sector is maturing and beginning to diversify its product and service base to address other unmet financial and non-financial needs of the low income population either directly or by acting as a conduit for third-party providers – savings, insurance, remittance and low cost education and healthcare services being some of the key examples. Given this growth and maturity dynamic, the Indian microfinance sector is increasingly becoming a viable investment sector with commercial investors joining social investors
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The Economy of the Philippines and Its Neighbors: Indonesia and Malaysia By Larry Gulley In Partial Fulfillment of Requirements for MGMT 220: Individual Project 3 AIU June 30, 2012 Abstract The economy of the Philippines, as well as that of its neighbors, Indonesia and Malaysia, has weathered some rough patches. This area of the world has not lived up to its potential in spite of its naturally rich resources. But they are showing improvement, especially Malaysia. These countries compete
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Ferdinand Edralin Marcos (1965-1986) C. Liberalized Credit More than one thousand rural banks spread all over the country resulting to the accessibility of credit to finance purchase of agricultural inputs, hired labor, and harvesting expenses at very low interest rate. During 1981-1985, credit was available without interest and collateral arrangements. Some of the credit programs were the ff: Programs: 1. Biyayang Dagat (credit support for fishermen) 2. Bakahang Barangay --supported fattening
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Week1. Introducing Economic Development: A Global Perspective & Comparative Economic Development Absolute Poverty: a situation of being unable to meet the minimum levels of income, food, clothing, healthcare, shelter and other essentials. (over 40% of the world’s population lives on less than 2 dollar per day). Subsistence Economy: an economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life—food,
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