Crisis watch: worldwide
1 September 2009
Alliance magazine
The worldwide financial crisis is showing few signs of improvement for the civil society sector, with donations down for NGOs from the US to Australia as foundations cut back and aid spending suffers in Africa and elsewhere. A new report on microfinance suggests what was thought to be an unassailable industry is now proving to be vulnerable. But our report from Brazil is more encouraging, as is Rick Cohen’s report that some US foundations are adapting their grantmaking practices in positive ways.
