JUNE/JULY 2008

 

It's Not Too Late!

MEDA's fiscal year ends June 30. There's still time to give hope to women and men in places like Afghanistan, Pakistan and Tajikistan. Help us finish the year strong! Visit the MEDA Store

CAPA Grew out of the ashes of Communism

In 10 years, MEDA grew CAPA out of the ashes of communism into a successful microfinance institution ready for independence. Read More.

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Romania moves from economic dream to reality

Romania is a country on the move: A 2000 Marketplace magazine feature on Romania reported rampant inflation and rising prices, 37 per cent of the population living in impoverished conditions, an average salary of $100 a month, and an official unemployment rate of 25 per cent.

Today, Romania is an economic success story: Inflation rose in 2007 for the first time in eight years and the economy is growing at a rate of six per cent. While 25 per cent still live below the poverty line, average monthly earnings have risen to US $600, and unemployment is relatively low at four per cent. Romania joined the European Economic Union in 2007, and plans to convert its currency to the euro by 2014.

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