Posts Tagged ‘Bob Menendez’

Microfinance Focus, Aug. 7, 2009: U.S. Senators Bob Menendez and Mel Martinez have introduced the Social Investment and Economic Development for the Americas Act of 2010 in the House to provide $1.3 billion in assistance to Latin America and the Caribbean meant for micofinance, public-private partnerships and capacity building for trade promotion. The bill seeks to create a fund for microfinance sector called the Microfinance Growth Fund for the Americas (MGFA) to provide countries in Latin America and the Caribbean with stable, medium-term and long-term sources of finance to microfinance institutions. Full story