Looking for our new site?

Global Assets Project

Archives: Global Assets Project Press

85,000 low-income youth open savings accounts through YouthSave

May 7, 2014
WASHINGTON, DC – Dispelling the myth that poverty is the biggest barrier to saving, the latest figures from a five-year program indicate that 85,000 low-income youth in four countries, Nepal, Kenya, Ghana and Colombia, have opened savings accounts designed specifically for and with them. While we must wait another year for final conclusions, preliminary data indicates that YouthSave is contributing to the goal of financial inclusion for a particularly vulnerable population. 

India May Benefit from Financial Access Initiative | The Hindu

October 19, 2013

Less than a year ago a report on financial access of the poor in India, authored by the New America Foundation think-tank, found that despite the Indian government’s “ambitious attempts in recent years to provide financial services to its poorest citizens” the desired effect had not been achieved with “65 per cent of adults excluded from the formal financial sector.”

Cell Phone Connectivity Changes Economies, Health Care, Lives Across Globe | National Journal

December 14, 2012

Of the 6 billion mobile subscribers across the globe, 5 billion are in the developing world, said Eric Tyler of the New America Foundation at a Brookings Institution summit on mobile technology Thursday. (Related Atlantic Wire Chart: Percentage of ...

Mobile Technology A Game Changer In Developing World | CIO Magazine

December 14, 2012

Covell points out that there are some 6 billion mobile users in the world. Of those, adds Eric Tyler of the New America Foundation, 5 billion reside in parts of the developing world. And the devices they are using are becoming increasingly ...

Business Briefs: Follow The Money | India West

November 23, 2012

GAP director Jamie Zimmerman said, “While India's impressive economic growth over the past two decades has been encouraging, the nation still has a long way to go in terms of poverty reduction, with 65 percent of adults excluded from the formal ...

REPORT: E-Payments to Citizens of Poor Nations Rise Sharply

November 19, 2012

Washington, DC — The way governments give aid to citizens in need has changed dramatically in recent years: the estimated number of government-to-person cash payments transferred electronically in 2012 has more than doubled since 2009 — from 25 to 61 percent, according to a

RELEASE: Innovation Fellowship to Address Global Development Challenges

November 2, 2012

Washington, D.C. — Arizona State University (ASU) and the New America Foundation have joined with the Millennium Challenge Corporation (MCC) to offer the Innovation Fellowship, an opportunity for experts in science, technology and entrepreneurship to help find dynamic solutions to some of the most complex problems facing the foreign aid community around the world.

Why So Few Indians Have Bank Accounts | Wall Street Journal

November 1, 2012

The main problem is Indian banks and other financial service providers haven’t found a way to serve poor customers located in far-flung areas and still make a profit, shows a study by the New America Foundation.

Original article

NEW REPORT: Getting Beyond Financial Access for India's Poorest Citizens

October 31, 2012

Washington, DC — The Indian government’s ambitious attempts in recent years to provide financial services to its poorest citizens have not had the desired effect, according to a report released today by Microsave India and the New America Foundation’s

Syndicate content