Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

Responding to the lack of computer training in Mukteshwar’s schools, Veena Sethi, a retired Delhi University professor, set up two used personal computers in the basement of her home with the aim of bringing the basics of computing to school children. "There were no libraries, no laboratories and no computer classes. In fact, most of the schools in Mukteshwar [which is in the Nainital district of northern Uttarakhand state] had no...

Global food prices rose in December, with the FAO Food Price Index at a record high, the UN Food and Agriculture Organisation said on Wednesday, past 2008 highs when rising food prices sparked riots in a number of countries. Up for the sixth month in a row and fueled by surging sugar prices and rises in cereals and oils, the index was the highest since records began in 1990, in nominal...

Several matches during the upcoming Asian Cup football tournament, which opens in Doha, Qatar, on Friday, will be dedicated to the fight against hunger and poverty, the United Nations Food and Agriculture Organization (FAO) announced today. The three matches – the opening match between Qatar and Uzbekistan, as well as two subsequent matches played by the host nation – are part of the Asian Football against Hunger campaign. “A Match Day against...

The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month, exceeding the levels of the 2007-08 food crisis. The warning from the U.N. body comes as inflation is becoming an increasing economic and political challenge in developing countries, including China and India, and is starting to emerge as a potential problem in developed...