Economic growth alone not enough to face Africa’s emerging challenges, UN Development Chief – UNDP – March 18, 2015

Speaking in Abijan, Cote d’Ivoire at the opening of the International Conference on the Emergence of Africa, Helen Clark, United Nations Development Programme (UNDP) Administrator, said, “There are many reasons to be optimistic about Africa. Steadily increasing revenues have created more opportunities to transform economies and societies, clearing the way for an emergent Africa. The goal of emergence must also embrace the pursuit of greater wellbeing.”

The conference was organized by the Ivorian government in association with UNDP, and with the support of the World Bank and the African Development Bank.

You may read the press release on the news centre page of the UNDP internet site.

“Lebanon Establishes First Microfinance Association” – IESC – March 17, 2015

On March 17, 2015 International Executive Service Corps (IESC) reported that on January 12, 2015 “Lebanon’s Ministry of Interior and Municipalities officially approved the creation of the nation’s first microfinance association.

The new association is made up of eight microfinance institutions that will work to strengthen the microfinance sector and increase access to finance for micro and small business owners throughout Lebanon.

The petition to establish the association was sponsored by the Lebanon Investment in Microfinance Program (LIM), an economic development program funded by the United States Agency for International Development.”

You may read the announcement on the IESC internet site.