From last weekend’s New York Times:
As the Obama administration continues to add to the aid package for flood-stricken Pakistan — already the largest humanitarian response from any single country — officials acknowledge that they are seeking to use the efforts to burnish the United States’ dismal image there.…
American officials say they are trying to rekindle the same good will generated five years ago when the United States military played a major role in responding to an earthquake in Kashmir in 2005 that killed 75,000 people.
A recent Christian Science Monitor article reported that USAID is “losing hearts and minds” in Afghanistan’s northeastern Badakshan province because of failed and shoddy projects, corruption, secrecy and waste.
Given how much of the US aid budget is spent trying to make the world a safer and more secure place for Americans, you might think there would be plenty of studies testing the hypothesis that aid funds can reduce terrorism or shift hostile public opinion. In fact, there is startlingly little evidence that we know how to use aid for this purpose.
Citigroup, Inc (NYSE: C) will push the idea of creating Shariah-compliant microfinance banks for the needs of millions of Muslims, who have previously been excluded from micro-finance because of Islam’s prohibition on paying interest, said a senior official on Monday.
“There are large microfinance banks in Indonesia, Bangladesh, Pakistan, Morocco, Egypt [...]
KARACHI: SBP governor Salim Raza would launch a credit guarantee scheme for small and rural enterprises under the financial inclusion program at a ceremony on March 19.
He will also announce a refinance scheme for small and medium enterprises in NWFP, FATA and Gilgit-Baltistan to enhance flow of credit to SME and agriculture sectors with greater [...]