Global poverty reduction was once a battle financed by well-off countries with the support of international organizations such as the United Nations and the World Bank. But times are changing.
Philanthropic contributions by the likes of the Bill & Melinda Gates Foundation and George Soros’s Open Society Foundation, social enterprises such as the Grameen Bank, and the increasing flow of investment funds to developing countries are now taking on a higher profile in the fight against poverty.
See full Article: http://www.imf.org/external/pubs/ft/fandd/2012/12/karlan.htm
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