Children on the move: the tale of a surprising spillover in humanitarian cash transfers to refugees
Imagine the following scenario: you have a population consisting of two groups, who are, on average, equally poor at baseline. You randomly pick one group to receive sizeable cash transfers: what would happen to inequality within this population? It should increase, mainly because you increased between-group inequality, which was negligible at the start (assume away, if you wish, within-group inequality for now). At the same time, poverty should decline in the recipient group relative to the other group.
Now, what if I told you that there was such a cash transfer program and six months after the monthly transfers started being disbursed to the recipients, overall inequality in the entire population (i.e. treatment and control combined) declined substantially. Not only that, but inequality within each group declined, while poverty fell by approximately 50% after one year (again, overa
Modern Diplomacy
Published 3 months ago
A new project will help avert the closure of viable micro and small enterprises (MSEs) affected by the health and economic shocks of the COVID-19 pandemic and maintain employment levels during the crisis. The $300 million Rapid Support for Micro and Small Enterprises Project for Turkey, implemented by the Small and Medium Enterprises Development Organization of Turkey (KOSGEB), will help people and firms by providing reimbursable support financing for manufacturing firms and other, innovative young firms focusing on manufacturing, scientific research and development, and computer programming.
The Project will provide financing in the form of performance-based reimbursable support to eligible MSEs, including innovative young firms that have been negatively impacted by COVID-19 but remain financially viable and are likely to survive the crisis, if they can access funding to meet their temporary liquidity needs.
World Bank okays $300M for micro, small firms in Turkey yenisafak.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yenisafak.com Daily Mail and Mail on Sunday newspapers.