• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Australia Strengthens Development Partnership with US, Pledges Funding for Women's Microfinance

    By Che de los Reyes // 19 September 2011

    Australia and the United States have formalized their partnership to maximize development assistance in the areas of economic growth, child and maternal health, and governance.

    The Australia-U.S. partnership - which has a combined total of 18.1 million Australian dollars ($18.7 million) - will support development projects in countries where both countries are engaged. These include maternal and child health projects in Tanzania, conflict resolution in South Sudan and Afghanistan, and water and sanitation projects in Indonesia.

    Meanwhile, Australia has also pledged to provide AU$2.2 million for microfinance funding to some 26 million women in developing countries.  

    Australian foreign minister Kevin Rudd made the commitment at the Asia-Pacific Economic Cooperation Women and Economy Summit held in San Francisco, Calif., USA.

    The grant will help microfinance institutions provide loans until 2013 to women to start their own small businesses. By doing so, the grant ultimately aims to enable these women to achieve economic independence, send their children to school, and improve their standard of living.

    “Microfinance is an important funding source for women who run up to 40 percent of small businesses worldwide but only access around 10 percent of commercial bank loans,” Rudd said.

    Read more:

    • Microfinance: What You Need to Know

    • DfID Study Debunks ‘Success’ of Microfinance

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.

    • Funding
    • Social/Inclusive Development
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Che de los Reyes

      Che de los Reyes

      As a senior staff writer, Che focuses on international development breaking news coverage as well as interviews and features. Prior to joining Devex, Che handled communications for local and international development NGOs and government institutions in the Philippines.

    Search for articles

    Related Jobs

    • Individual Consultant: MSME and Gender Finance National Specialist
      Yerevan, Armenia | Armenia | Central Asia
    • Senior Programme Manager (Youth Engagement -Public Mobilization and Communication)
      United Nations Office for Project Services (UNOPS)
      United States | North America
    • Technical Specialist - Environmental (Retainer)
      United Nations Office for Project Services (UNOPS)
      Denmark | Western Europe
    • See more

    Most Read

    • 1
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 2
      FCDO's top development contractors in 2024/25
    • 3
      Strengthening health systems by measuring what really matters
    • 4
      Opinion: India’s bold leadership in turning the tide for TB
    • 5
      Reigniting momentum for maternal, newborn, and child health

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    Related Stories

    Funding insights4 strategies for diversifying funding in a post-USAID world

    4 strategies for diversifying funding in a post-USAID world

    The Trump Effect'That money is going to sink us': USAID-funded startups fight to survive

    'That money is going to sink us': USAID-funded startups fight to survive

    Funding InsightsHow much did the US State Department spend on development?

    How much did the US State Department spend on development?

    Devex InvestedDevex Invested: African Development Bank gets ready for Sidi Ould Tah

    Devex Invested: African Development Bank gets ready for Sidi Ould Tah

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement