A recent World Bank study, Dollar a Day Revisited, has proposed a new International Poverty Line and revised it to US$1.25 from the current US$1. “US$1 a day” poverty line was first proposed in 1990 for measuring absolute poverty by the standards of the world’s poorest countries. The new poverty line is proposed after comparing the mean poverty lines in 15 poorest countries in terms of per capita consumption.
Posts Tagged ‘bank’
Posted on October 31, 2008 - by lincolnw
Nigeria: Microfinance Inter-Bank Money Market Takes Off
There are strong indications that the proposed Microfinance Inter-bank money market will take off by the end of this year.
It would be recalled that Financial Vanguard exclusively reported that some Microfinance Banks in the country have commenced moves to set up an inter-bank money market for the sub-sector.ket includes the five discount houses.
However, other financial institutions like micro-finance banks and primary mortgage institutions (PMIs) cannot participate in the market because they do not have direct access to the clearing house of the Central Bank of Nigeria hence the decision of microfinance banks to create their own inter-bank money market…{click this link to read the rest of the article}
Posted on August 21, 2008 - by James
World Bank: A dollar just isn’t what it used to be….
Dollar a Day Poverty Line Is Now US$1.25 a Day
World Bank Study Compares Poverty Lines of 15 Poorest Countries
The study finds that… [click here to read the rest of this article...]
