data.org launches a $10MM Inclusive Growth and Recovery Challenge
The fight against COVID-19 underscores how interconnected our world has become. At the same time, the pandemic has also exposed and exacerbated many existing challenges facing economies, and the fragility of micro and small businesses. As we look to the future, there is an opportunity to build a stronger and more inclusive economy coming out of this crisis.
Strengthening CDFIs is essential for helping businesses and communities rebound from the pandemic
As Americans are bracing for the health fallout from the COVID-19 outbreak, the nation’s Main Street businesses are fighting for their survival. Salon owners, event planners, shopkeepers and restaurants are being forced to make hard choices—pay their bills or their employees—and the workers who rely on them for their livelihoods face prolonged economic hardship.
COVID-19 Therapeutics Accelerator will coordinate R&D efforts and remove barriers to drug development and scale-up to address the epidemic
SEATTLE, March 10, 2020 /3BL Media/ – The Bill & Melinda Gates Foundation, Wellcome and Mastercard today committed up to $125 million in seed funding to speed-up the response to the COVID-19 epidemic by identifying, assessing, developing, and scaling-up treatments. The partners are committed to equitable access, including making products available and affordable in low-resource settings.
Over the last 75 years, we have seen more than a billion people emerge from poverty and we have witnessed the creation of a global middle class. In addition, the proliferation of digital technology over the last few decades has created new ways for people to connect to the networks they need to advance and grow. However, the benefits of this economic and digital growth, while significant, have not been equally shared by everyone.
Learn about new research from the Brookings’ Workforce of the Future initiative on upgrading the career prospects of America’s low-wage workers.
Every person deserves the opportunity for dignified employment that provides living wages and potential for advancement. However, for many in America today, this is far from reality, as they are caught in a cycle of low-wage work, earning poverty wages and unable to move up in the economy.
Local leaders, firms and workers need to adapt quickly to keep pace with rapid technological innovation and its transformative impact on the U.S. economy. Using reskilling as a focal point, this report aims to provide policymakers with tools to do so by answering the following questions:
By Shamina Singh, President, Mastercard Center for Inclusive Growth, Mastercard
Over the past three decades it has become increasingly clear that neighbourhoods play a key role in shaping economic prospects. A long body of research shows that where we live determines many of our life opportunities—from access to good schools to decent jobs and the transportation that connects us to those jobs.
Digitalization could unlock $100 trillion in value for businesses and wider society over the next decade.
By: Carlos Monteverde
According to the World Economic Forum, digitalization could unlock $100 trillion in value for businesses and wider society over the next decade – but what will that look like, and who will it reach? We are seeing a number of new companies and new business models transform the way consumers gain access to goods and services, and many of them may have a profound impact on financial inclusion.