Word: banco
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...bells are going off too. The emergence of players who are out purely for profit has raised the possibility that, far from nurturing the poor, microfinance schemes could end up milking them, especially in countries where lenders don't have to clearly disclose interest rates. When the Mexican microfinancier Banco Compartamos went public last year, revealing its loans carried rates of about 86% annually, the development consortium Consultative Group to Assist the Poor (CGAP) and others scorned it for having put shareholders ahead of clients. Says Elizabeth Littlefield, CEO of CGAP: "There is some risk that the mainstreaming of microfinance...
...model he professes to disdain more viable in countries like Brazil by making it more egalitarian. Sunday's humbling results will make Chávez a less swaggering figure on the hemispheric scene; but a little humility on his part may make his neighbors more receptive to initiatives like the Banco del Sur, or Bank of the South, meant to counterbalance traditional, U.S.-backed lending institutions like the World Bank...
...interests ranging from oil and gas to manufacturing to real estate. The impact of this unilateral ban is indirect - Iranian companies haven't been allowed to do business in the U.S. for decades. But a similar gambit appeared to work against North Korea. In that case, the U.S. blacklisted Banco Delta Asia, a Macau bank where North Korean government and military officials had, according to some accounts, stashed millions of dollars. By targeting Banco Delta Asia, the U.S. effectively isolated it from the international financial community (banks in other countries did not want to jeopardize their U.S. business by trading...
BANK OF THE SOUTH First the Paul Wolfowitz scandal, and now this: at the end of the month, "Banco del Sur" will launch as a direct competitor to the World Bank, at least in South America. The brainchild of Venezuela's President Hugo Chavez, who has long railed against the meddling of the Washington-dominated World Bank and IMF, the development bank got a credibility boost when Brazil, Argentina and others signed on as founding members. With the region's new oil wealth, the dream of locally funding big infrastructure projects without First World interference may be closer than ever...
...smooth the way for talks with the North. However, Hill said that while the U.S. lacks hard evidence, it intends to press Pyongyang for "complete clarity" on the program. Indeed, rather than lightening up on the North, U.S. Treasury Department officials appear poised to issue permanent sanctions against Banco Delta Asia, the Macau bank where about $24 million in assets allegedly belonging to North Korean officials have been frozen on grounds that the money is linked to illicit North Korean businesses, including counterfeiting. Pyongyang has been adamant that economic sanctions be lifted in exchange for cooperation on nuclear talks...