Member News
Posted on June 15, 2011
Global Partnerships Named To List Of Top 50 Impact Investment Fund Managers
Online press release
Seattle, Wash., – Global Partnerships (GP), a Seattle-based nonprofit that invests in microfinance and other sustainable poverty solutions, was selected in the inaugural ImpactAssets 50, a list of leading private debt and equity fund managers that deliver social and environmental value in addition to financial returns. The list was announced today.
“We are honored to be recognized as a leader among impact investors,” said Mark Coffey, chief investment officer for GP. “Inclusion in the ImpactAssets 50 is a testament to our strong track record Read More “Global Partnerships Named To List Of Top 50 Impact Investment Fund Managers”
Posted on May 14, 2011
Giving small loans to the working poor as an answer to poverty has had huge appeal to people of all political persuasions, and it proved especially popular in Seattle, where at least 20 different organizations support microlending.
Now some are saying that its merits have been oversold.
“Microfinance got romanticized,” says Rick Beckett, CEO of Global Partnerships, a Seattle nonprofit that funds microloans and other services for the poor in Latin America. “We have to own the fact that we fell in love with it.”
“That story, as cool as it is, is just not true,” he says. “A $100 Read More “Microloan Crisis Prompts Questions”
Posted on April 17, 2011
Special to The Times
WITH our country facing mounting debt, and the federal budget standoff nearly bringing the government to a halt earlier this month, some voices in Congress are clamoring to toss foreign assistance on the chopping block.
While an 11th-hour compromise on spending for the rest of 2011 trimmed foreign aid back to 2010 levels (about $8.4 billion below the president’s request), the budget debate has only just begun.
Last Thursday, Rep. Paul Ryan’s proposal for FY2012 hit the House floor. Along with massive cuts to domestic programs, Ryan’s long-term plan would cut international affairs and foreign assistance Read More “U.S. Foreign Aid Is Not A Luxury But A Critical Investment In Global Stability”