"The specific barrier is capital," says Lisa George, global head of the Macquarie Group Foundation. "Without access to capital, it's very hard to get social mobility and educational mobility in life."
Most for-profit companies still confine nonprofit relationships to corporate philanthropy. Donations flow through foundations, annual reports highlight community contributions, and nonprofit engagement is framed as evidence of corporate responsibility.
Cash transforms health when four particular conditions are met. Most U.S. cash-transfer pilots have lacked them. But one major American policy does come close: the federal food-assistance program SNAP. Its success offers a road map for what effective cash assistance can look like in this country, if we choose to build on it.
Ministers are seeking "concrete commitments" over the next five years to expand funding for the community development financial institution (CDFI) sector, not-for-profit lenders that support businesses unable to secure loans from mainstream banks. The initiative follows a review which found that many small firms are being pushed towards high-cost borrowing because of rising rejection rates, regulatory complexity and broker practices.
Three days after the student-led protests forced Hasina to resign, Muhammad Yunus, Bangladesh's only Nobel laureate, took over as the country's interim leader, tasked with stabilising a fractured country after one of its bloodiest upheavals that killed more than 1,400 people. Yunus, now 85, framed his mandate narrowly but ambitiously: restore a credible electoral process, and build consensus around reforms aimed at preventing a return to authoritarian rule by balancing power among different state institutions.
January often sees children have more money in their pockets than usual, so we asked parents how they manage cash with kids Financially, being a teenager is an exciting time. You might have your first part-time job, or a bit of cash from babysitting. You're likely to have your first experience of shopping, buying cinema tickets, or going for meals with friends.
If this is enacted-and that's a big if, though part of me hopes it is-we would likely see a significant contraction in industry credit card lending. Credit card issuers simply won't be able to sustain profitability at a 10% rate cap,
