Saturday, 4th July 2009

 

14 May 2008 - David Bain

Philanthropy dominates dealings with developing world, survey

Private giving and investment from donor countries to developing nations account for more than 75% of developed countries entire economic dealings with the developing word, according to the Index of Global Philanthropy.

The findings show that government aid, or “official development assistance” only constitutes a small amount to the growth and development of poor countries.

The Index, published by Hudson Institute's Center for Global Prosperity, also provides examples of how the traditional "donor-to-recipient" model of foreign aid is being changed through public-private partnerships.

This is happening through some government aid agencies changing their foreign aid business model to link with new private programmes run by foundations, corporations, charities, universities, and religious organisations.

The study also highlighted new trends in giving such as cause-related marketing, fair-trade movements, and internet giving.

More detail on the index is available at: www.global-prosperity.org

Index of global philanthropy

Most Read

  1. UBS loses another senior private banker to Barclays Wealth
  2. Austrian private banker under scanner over alleged Madoff kickbacks
  3. Citi Private Bank new head appoints deputies in Europe
  4. Wealth Bulletin rising star quits UBS to join Barclays Wealth
  5. Green Deals go into the Red

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

$95 Million Trump House Could Be Sold–Again

Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.

More from Rich Life

  1. $95 Million Trump House Could Be Sold–Again
  2. German heiress wins UK pre-nuptial ruling in landmark case
  3. Buffett donates $1.5bn Berkshire shares to charities
  4. China becomes the new destination for super-yachts
  5. TCI profits hit record £555m on ABN Amro gain

Related Content

  1. BNP Paribas Private Bank launches philanthrophy service

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347