Global Social Business Summit ends in Mexico

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UNB, Dhaka :
The two-day ‘Global Social Business Summit 2014’ has concluded in Mexico City with a call for fighting social and economic problems through social business.
The summit was inaugurated by Nobel Laureate Professor Muhammad Yunus on the morning of 27 November at Expo Bancomer convention centre in Mexico City, said a Yunus Centre Press Release on Thursday.
Prof Yunus presented a keynote speech highlighting the need for new ways to think about changing the world that ‘change will come about through small actions, and repeating those actions to reach scale’.
He said the Summit was an opportunity for sharing the experiences of all the exciting social business that are developing around the world to energise each other.
Minister of Economy of Mexico Ildefonso Guajardo delivered a keynote speech highlighting the importance that microcredit and social business can play in Mexico, reiterating his government’s commitment to building social business in the country.
The Summit, which was organised by Grameen Creative Lab, Green Street of Mexico and Yunus Centre, opened with 720 people from 50 countries to talk about how social business, a non-dividend company, to solve human problems and can tackle some of the pressing social problems of the day.
Several important announcements were made during the Summit, including an announcement of US$ 5 million for social business from USAID for Haiti, Albania and Uganda. There was announcement on the creation of a Yunus Social Business Incubator Fund in Veracruz, Mexico with the support of the Veracruz government.
Besides, CEMEX, a leading international cement company, announced a social business in housing in Mexico.
The Summit over, Prof Yunus delivered a public lecture to a packed audience of 1500 people, mostly young Mexicans, at the Expo Bancomer describing his journey from initiating microcredit in the early seventies to creating social business to tackle social problems affecting the poor and vulnerable people around the world.
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