The impacts of climate change pose a significant threat to local livelihoods and economic activities across Tanzania. In response to these challenges, the government of Tanzania has joined forces with partners from the civil society and other governmental institutions to launch the ‘Decentralised Climate Finance programme’ to bring climate adaptation funding to local communities, making sure they play a part in deciding how these resources are spent.
Mobile phones have transformed lives in rich and poor countries alike. Of the world’s 7 billion people, there are now 6 billion phone subscriptions globally compared with 2 billion or so bank accounts. Across 40 UN-designated Least Developed Countries (LDCs) surveyed by UNCDF, mobile phone penetration was at 30% while access to a bank account was 14% on average. More striking are the growth rates – with mobile phone penetration growth reaching double digits, growing at a rate of 23% a year, while financial access growth is flat.
Insurers in the Pacific are focusing on increasing penetration of insurance coverage for small and medium enterprises (SMEs), research conducted by the Pacific Financial Inclusion Programme (PFIP) last month has revealed.
With a high volume of activities and low operational expenditure, Senegalese agents of digital financial services are considered profitable. This is according to the survey ‘Agent Network Accelerator’ on the agent networks of digital financial services in Senegal, released by Mobile Money for the Poor (MM4P), a UN Capital Development Fund (UNCDF) programme, in collaboration with The Helix Institute of Digital Finance.
Knowledge sharing is a critical component of UNCDF’s MicroLead program, which aims to expand access to and use of financial services by rural low-income populations, particularly women.
Congratulations to CARE Tanzania and CARE Ghana, which both added new banks to their MicroLead saving group (SG) linkage projects!
For many children and women, such as Mrs. Jasmine Musulman, there’s a new chance available that is very different from their previous lives of climate strife on the riverbanks of the Padma River in rural Bangladesh. After being displaced from weather changes and having to relocate with no financial safety net, her income increased considerably because of her efforts in selling vegetables in a nearby market. This has not only changed her level of income, but has allowed her to feed her children.
A simple text message is all it takes for a Papua New Guinea (PNG) citizen to sign up to affordable, new microinsurance products providing a crucial safety net for families.
These new microinsurance products have managed to do away with the usual lengthy paperwork processes, preliminary health checks and identification associated with some traditional insurance products. Subscription via text message leads to enrollment and periodic insurance premiums are set up for automatic, deductions.
‘Blending’ – a form of pump-priming private sector investment, by leveraging it onto public official development aid – seems to be the new buzzword at this year’s EU Development Days, according to the UN’s Xavier Michon.
Xavier Michon is Deputy Executive Secretary of the United Nations Capital Development Fund.
Michon explained the policy to EurActiv.com’s Matthew Tempest.
Large parts of the rural areas of Nepal are still not connected to electricity, especially through the national grid. Therefore, both the government and the private sector are making attempts to supply renewable and alternative energy sources to such areas.