Venezuela is a region rich in oil and minerals, yet it suffers from poverty and political turmoil. Venezuelan president Nicolas Maduro is launching a new blockchain currency called Petro, an oil-backed cryptocurrency. The U.S. believes this to be an attempt to circumvent sanctions against the Venezuelan government and is cracking down on Venezuela’s oil-backed cryptocurrency. […]
As with many countries in the region, the real estate bubble that burst in 2008 exposed longstanding weaknesses in the Montenegrin financial sector and left a laundry list of obstacles for the country to overcome in its wake. These obstacles have become major inhibitors of credit access in Montenegro. As is often the case, small […]
It is particularly important for people to have credit access in Dominica. Borrowed money is the main reason why Dominica has been able to rebound following Hurricane Maria individually and on a national level. Two Category 5 hurricanes devastated Dominica in September and October of last year and caused heavy damage to the country’s infrastructure […]
According to the Lunchbox Fund, 12 million South African children under the age of six are living below the poverty line. Unsurprisingly, this means that a fifth of households in South Africa experience continual hunger. This has daunting consequences. Lack of adequate nutrition can cause growth stunting. In fact, 27 percent of children under the […]
Togo has struggled to lift its citizens, especially those in rural areas, out of poverty and to ensure adequate access to necessities such as sanitation and drinking water. A report by the International Monetary Fund found that in 2011, the percent of the rural population that lived below the poverty line was 73.4 percent. In […]
A landlocked country in West Africa, Mali gained its independence from France in 1960. It is the eighth-largest country in Africa and its population currently consists of 18 million people. As one of the world’s younger nations, Mali still faces many challenges, from the effects of heavy rainfalls and floods to human rights violations such […]
The Balkan nation of Serbia suffers from many of the same problems with credit access as its neighbors. And as with its neighbors, these problems pose a significant obstacle to small-scale, grassroots economic development. That being said, there are several initiatives underway to help to improve credit access in Serbia until the Serbian financial industry […]
Family Federation founder Sun Myung Moon envisioned a “Peace Road,” an international highway that physically connects people across the world. Roads unite people in trade, culture and travel. Moon believed that uniting people in daily life would extinguish historical fears and misunderstandings that divide the world. Moon suggested the construction of a highway between Korea and Japan, […]
Jamaica faces many economic struggles and is often in need of foreign aid. For the past five years, the U.S. has been the biggest provider of foreign aid and investment in the country. The aid is valuable for both countries as the U.S. benefits from foreign aid to Jamaica in many ways. Tourism Although a […]
Guinea-Bissau, a former colony disputed by Portugal, France and Great Britain, is located on the west coast of Africa. The country is bordered by Senegal and The Gambia and is a mostly low-lying country. Its economy relies largely on agriculture, yet much of the land remains uncultivated due to unsustainable practices and unstable political conditions. […]
