Philanthropy, social entrepreneurship step in when official donors reluctant
Donors more focused on maximizing impact when trying to solve social ills
Government-civil society cooperation key to success, says Bill Clinton
In the face of the global financial crisis and pressure on governments to curtail official development assistance, philanthropy and social entrepreneurship are supplementing the demands of the poor and needy.
The December 2012 issue of the IMF’s quarterly Finance & Development magazine looks at how private donors are substituting for cash-strapped governments.
New and innovative solutions are just waiting to be discovered and implemented, according to both university professors who study the subject and philanthropists who practice it, such as former U.S. president Bill Clinton, who writes in the issue about finding “new ways to extend the circle of opportunity so that every person—in every country—has the opportunity to succeed.”
See full Article: http://www.imf.org/external/pubs/ft/survey/so/2012/NEW112912A.htm
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