London to Sao Paulo, equity prices have fallen sharply – with the major stock indices of the G7 and BRICs losing nearly half of their value since the beginning of the year. This has seriously damaged banks’ balance sheets and restricted their lending capacity. With the cost of short-term credit rising dramatically and liquidity drying up, these events have been dubbed the worst financial meltdown since the Great Depression in 1930s. More importantly, the shock waves from the US financial
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big-ticket challenges of the future? How can companies ensure their own future prosperity by beginning to engage looming issues of concern—from energy needs to public health to income inequity? Is the proliferation of nongovernmental organizations the result of an incapacity on the part of governments? Or, are NGOs an innovation in human social organization and an important step forward for addressing global and local challenges? How can NGOs and governments work together to complement one another?
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Funds of India, Tandas in Mexico, and Arisan in Indonesia. In Africa such groups consist the “Susu” of Ghana, BOSCA of Botswana, ADESSI of Burkina Faso, ACCORD of Uganda, Zusa of Zambia among others. In Kenya on the other hand Micro Finance Institutions (MFIs) include Faulu Kenya, Kenya Women Finance Trust (KWFT), KUSCCO (Kenya Union of Savings and Credit Cooperatives), Economical Locus Fund (ECLOF), Small and Medium Enterprise Programme (SMEP), Kenya Small Traders and Entrepreneurs Society (KSTES)
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were to mobilize savings from the rural areas and in turn make institutional credit available to the Rural Economy. The need for improved financial intermediation in the rural economy became paramount because of the non-availability of formal institutions and the fact that most rural dwellers are engaged in agriculture. Agriculture is the mainstay of the Ghanaian economy and until recently the largest contributor to GDP. (Yahiya, research Dept. of BOG, 2013) Despite the potential resources existing
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Globalization in Brazil: Poverty, Labor, and Human Rights within a Neo-Liberal Framework By: Dylan Fermante 210015071 For: Prof. Hoosiyar AP/HREQ 3010 July 14, 2010 Since the collapse of the Bretton Woods system in the 70s a new framework for a global economic structure has been developing. This modern structure is an evolved form of capitalism, driven by neoliberal ideologies, which has adapted to the economic and social conditions of the current day. The recent phenomenon of globalization
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The Effect of Microfinance Institutions in Promoting Savings CHAPTER ONE INTRODUCTION 1. Overview The chapter will constitute Background of the study, statement of the problem, objectives of the study, research questions, significance of the study, scope of the study, limitations of the study and conceptual frame-work of the study. 2. Background to the study The micro finance business embraced today arose in Bangladesh in 1976 with the founding of the Grameen Bank. It became popular
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Federal Savings is a financial institution that has served communities statewide since 1917. As a savings and loan institution, Washington Federal offers checking and savings accounts and mortgage loans. Defining itself amongst competitors, Washington Federal provides customers with the “human touch” in its simplest form - quality customer service. Operating in eight states, Washington Federal maintains a relatively small staff of 885 employees. As a financial institution, Washington Federal is highly
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PROJECT REPORT ON US SUBPRIME CRISIS REFERRING TO IT’S ORIGINS SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (BANKING AND FINANCE) SEMESTER I SUBJECT: FINANCIAL SERVICES & MANAGEMENT SUBMITTED BY: PILLAI ANUJA SURESH ROLL NO.: 42 UNDER THE GUIDANCE OF Ms.BHAVIKA DAVE SIES COLLEGE OF COMMERCE AND ECONOMICS, PLOT NO. 71/72, SION MATUNGA ESTATE T.V. CHIDAMBARAM MARG, SION (EAST), MUMBAI – 400022. | | CERTIFICATE This is to certify
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procedures generally yield their output in numeric or tabular form; graphical techniques allow such results to be displayed in some sort of pictorial form. Chapter 1 Introduction 1. Introduction: Business houses, right from the inception of human race, have been regarded as constructive partners in the communities in which they operate. Though they have been instrumental in creating employment, wealth, products and services, yet the pressure on business to play a role in social
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countries do automatically converge to the same steady state position. As a result, depending on a number of factors, countries would tend to cluster on certain "conditional convergent equilibria". These will depend on essentially the investment rate, human capital endowment, the R&D intensity and integration into world markets. Further, empirical results strongly support the hypothesis that only countries with sufficient abilities to innovate or acquire new technologies are able to converge in terms of their
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