Senegal Worried About Growing 'Brain Drain'

Tuesday, 06 April 2010 11:42

Source: Voice of America

IOM says Senegal is losing some of brightest, most highly skilled people as more professionals go abroad in search of better working, economic conditions

The International Organization for Migration says Senegal is losing some of its brightest, most highly skilled people as more professionals go abroad in search of better working and economic conditions.  The IOM says the Senegalese government is worried about this growing "brain drain." 

Read more: Senegal Worried About Growing 'Brain Drain'

Microfinance can play key role in Haiti's reconstruction

Tuesday, 30 March 2010 14:34

Source: Reuters
By: Anastasia Moloney

Lending small amounts of money to Haitians can help kick-start the local economy and play a vital role in rebuilding the hundreds of thousands of businesses and homes destroyed by the Jan. 12 earthquake, the Inter-American Bank of Development (IDB) says.

While international aid agencies focus mainly on providing shelter, healthcare and food, major lenders like the IDB say microfinance institutions can enable quake survivors to recover their losses and get back on track, especially in rural Haiti.

Read more: Microfinance can play key role in Haiti's reconstruction

Familias del Distrito Federal sufren por caída en remesas

Wednesday, 17 March 2010 15:51

Source: Informador.com.mx

En 2008 los migrantes solían enviar en promedio dos veces al mes hasta seis mil pesos, el año pasado sólo hicieron un envío y fue por un poco más de cinco mil pesos

Tania Pérez tiene seis meses de embarazo, una hija de cinco años y una pareja sin papeles y empleo en Nueva York, Estados Unidos.

Read more: Familias del Distrito Federal sufren por caída en remesas

Cameroon hit hard by brain drain

Wednesday, 17 March 2010 13:11

Source:afrol News

Cameroonian emigrants stream into neighbouring Gulf of Guinea countries, Europe and the US, mostly representing the country's most educated citizens. Far more Cameroonian medics now work abroad than in Cameroon.

A migration profile of Cameroon released today by the International Organisation for Migration (IOM) shows that current migration flows continue to be mostly internal from the countryside to the cities, with increasing numbers of skilled and unskilled Cameroonians emigrating to neighbouring countries and beyond to Europe and to the United States.

Read more: Cameroon hit hard by brain drain

As microfinance grows, so does the need for better regulation

Wednesday, 17 March 2010 13:07

Source: DNA
By Mukul Asher & Savita Shankar

The growth of the microfinance sector globally has made its regulation an important concern for policy makers. This is suggested by a recent consultative paper on core principles relating to supervision of microfinance activities of commercial banks placed for discussion on the Bank for International Settlements’ website (www.bis.org).

The microfinance sector has also grown impressively in India. According to the Microfinance India State of the Sector Report 2009, there were 76.6 million microfinance accounts in the country as of March, 2009; while the total microfinance sector loans outstanding were Rs 35,900 crore.

Read more: As microfinance grows, so does the need for better regulation

Colombians abroad help elect representative at home

Tuesday, 16 March 2010 16:26

Source: Orlando Sentinel
By Victor Manuel Ramos

Congressional race includes 2 Orlando area candidates

Fernando Toro sat with a small group of close supporters at a Colombian restaurant in east Orlando, sipping black coffee and strategizing over how to win election to Congress.

Although Toro has been an American citizen since 2005 and could contend for political office here, he is not vying for a seat in the U.S. Congress but rather in the Congreso de la República de Colombia, the legislative body of his fatherland in South America.

Read more: Colombians abroad help elect representative at home