Gates Foundation Backs Global Alliance to Boost Savings of Poor

The Bill & Melinda Gates Foundation is granting $35 million to help establish a global network designed to improve access of poor people to financial tools,

reports. The Alliance for Financial Inclusion, which will comprise bankers and policymakers from the developing world, seeks to improve savings, insurance and other financial services for impoverished people. The alliance is managed by German development organization Deutsche Gesellschaft fur Technische Zusammenarbeit.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.