Currenex Alpari Direct - trading platform ECN

The trading platform Currenex Direct from Alpari - ECN-a platform that provides direct access to the market FOREX, trade execution in real-time (Non Dealing Desk) and deals with a click (1 click ESP). Therefore, when using the platform of new technologies eliminate the need to wait until the agent will perform the application, or worry that a warrant is not working as it should - all orders are executed strictly according to its market price.

Platform Alpari Direct allows a trader to perform technical analysis on charts, receiving news from Dow Jones, a well as access to the economic calendar.

For trade in the platform provided a basic set of orders: Market, Limit, Stop, Trailing Stop, OCO (One Cancels Other - one cancels the other).

Available as a trade from the charts, and quotations from the panel with one click, it is sufficient to specify the settings in Tools-> Enable One Click Trading and set the desired lot size.

Alpari Direct trading platform is suitable for scalping, because speed of execution is no problem.
Carry out technical analysis in the platform can be, but a little inconvenient: for example, the grid graph can not be compressed / stretched in the vertical axis (the values of the price), so for a full technical analysis makes sense to use another program, but directly to trade - in Direct.

Advantages trading platform Currenex Alpari Direct:

- Direct access to interbank liquidity
- Instant execution of orders
- Technology Non Dealing Desk (NDD)
- Lack requotes

To begin the work in the platform Currenex, you must:
- Open a demo account Currenex Demo
- Download and install the
- When you run the platform in the window "Connect" to select a server "Demo"
- Enter username and password

Access to the demo account is available for 30 days.

This program requires the package. NET Framework 2.0 Service Pack 2.


Download Currenex Alpari Direct (7.6 MB)

Unemployment in the euro zone rose in September to 9.7%, as expected

Taking into account seasonal factors, unemployment in the eurozone reached 9.7% in September this year, said the EU statistical agency Eurostat. Rate corresponds to analysts' forecasts. A month earlier, unemployment in the area of the single European currency was 9,6%. Note that this is the highest value of the unemployment rate since January 1999. In annual terms the index rose by 2,6% (from 7,1% in September 2008).
The total number of unemployed in the euro zone rose in September to 184 000 in monthly terms and amounted to 15.324 million. On an annual basis the total number of unemployed has increased by 3, 204 million people.

Preliminary assessment of the level of inflation in the euro area: -0.1% for October

Data on annual inflation in the euro area (harmonized index of consumer prices), published today, the EU statistical agency Eurostat, consistent with analysts' forecasts.
According to preliminary estimates, the annual consumer price index for the euro area amounted to -0,1% in October. Recall that in September the annual inflation rate was -0.3%.

The index of house prices Nationwide has grown less than expected in October

Index of house prices Nationwide in the UK rose in October to 0,4%. Recall that in the previous month had risen to 0,9%, and in October predicted an increase of 0,7%.
In annual terms, house prices in Britain back to a positive mark for the first time since March 2008, an increase of 2,0% in October compared to 0,0% in the previous month.
Average price of homes in Britain during the reporting period amounted to 162 038 pounds compared with 161 816 pounds a month earlier.

Aggressive dollar / yen sellers could return to the market

To begin with, that our prediction was confirmed yesterday - the breakdown of the level of resistance 90.80, resulted in increasing bullish sentiment and the growth of quotations in the region of local maxima, but near the 91.50 level upward movement has slowed down and began selling the dollar / yen, which are still going on ...

USD / JPY

Now look at the indicators:

Exchange rate is below the moving averages with periods of 89 and 144, which are strong levels of support for 90.90 and 90.20/00, but above average with periods of 55 and 34 - resistance levels 91.20/30 and 91.50 respectively.

The MACD histogram is located in the negative zone, began to decline in the near future may cross its signal line downwards, and thereby generate a signal to sell the dollar / yen.

Stochastic Oscillator is in the neutral zone and has already formed such a signal as the% K line crossed the line% D top-down and start to fall below it.

Therefore, as a confirmation that the market can return the aggressive sellers of dollar / yen, it remained only to wait for the breakdown level of support to 90.90/80, which could open the way for the bears to the levels of 90.20/00 and 89.40.

Resistance Levels: 91.00, 91.30/50, 91.80, 92.00/10, 92.50, 92.70, 93.00

Current price: 90.96

Levels of support: 90.90/80, 90.50, 90.20/00, 89.70, 89.50, 89.30, 89.10/00

Euro / dollar remains under pressure

A pleasant surprise from the report, Chicago PMI, as well as a slightly higher rate of index of consumer sentiment for October, the University of Michigan failed to inspire the bulls in the euro / dollar for a new assault attempt. Euro is currently continuing pressingovat session lows, and while the bids around $ 1.4780/70 while holding back a couple of further fall, dealers are reminded of feet below, and pay attention to the rebalancing of the positions of market participants at the end of the week and month. They note that investors have left a large amount of long positions in the euro, and see the risks to decline to $ 1.4760/50 and $ 1.4730/20.

Say "Goodbye!" Pre-crisis trend

There is a pleasant myth of the business cycle. All of this - only the fluctuations around the underlying trend. Production during the boom was even higher sustainable level. During a recession, this figure was below the level. The budget deficit in a phase of decline can be and should be offset by surpluses accumulated in the boom years. Regardless of whether optimistic or pessimistic you are tuned in the context of stabilization policies, they exist in their own sphere and economic policies can focus on measures of "supply side".

Unfortunately, this is quite symmetrical image belied by the facts. There is a widespread view that the damage caused during a recession, associated with the financial crisis, tends to be twice as much during the traditional recession. More important is the conclusion that most of the losses in production during the recession is permanent and that the economy will never return to its old trend line. These findings have been demonstrated in some detail by the late Christopher Dow (Christopher Dow) in his study "The primary recession," which was published in 1998. Although some research has been thorough and fundamental, with today's macro-economy has little correlated. Latest world economic outlook the IMF has already appeared, however, have something to accuse him, it concerns the fourth chapter, which, unfortunately, only available on the Internet.

The authors of the report, the IMF estimated that the output from the financial crisis remains at 10% below trend in the medium term, which is defined as seven years. Of course, this average with a tolerance on both sides. In Chile, since 1981 and in Mexico, since 1994, output grew much faster than the previous trend, whereas after 1997 in Japan, growth has stagnated for many years. Average score may exaggerate the impression of sustained loss of production capacities. This may be due to prolonged effects of the recession, which would require more than seven years to completely disappear. UK Treasury provides a permanent loss in the economy of 5% of GDP.

Countries that are currently in the midst of a banking crisis, in the amount accounted for half of real GDP of all developed countries. This is equivalent to the GDP of about $ 40,000 bn (€ 27,050 bn, £ 24,440 bn) for the year. If we apply the 5% underestimation in terms of production, the future hole in the world economy of up to $ 2,000 billion, that is little consolation, because, according to the IMF, the economy, which allow for counter-cyclical fiscal and monetary stimulus in the short term to mitigate the slowdown in the aftermath of the crisis, as tend to experience less decline in the medium term. "

Interestingly enough, these studies show a possible return to pre-crisis growth rate with a lower level. I can not help but notice that it is a very convenient result for the politicians, because they are blamed for the causes of the crisis, and the output of the recovery phase is intended to be the return of new, even lower trend, resulting in them will be difficult to clearly blame insufficient growth .

A detailed analysis of the IMF suggests that the higher structural unemployment, slower accumulation of capital and lower productivity growth played an important role in explaining long-term decline in output since the financial crisis. National Institute of Great Britain primarily emphasizes a high price for risk, which may increase the actual cost of capital, resulting in higher commissions for the purchase of shares on the stock market.

But I'm not quite sure. Based on the vision of Keynes, which is set out in the last few chapters of his general theory, there is a persistent tendency for savings in connection with the natural excess of investment opportunities and, therefore, full employment is achieved, in rare cases, such as wartime or at the peak of the boom. According to this analysis, no need to explain the loss in production during the collapse, but unstable, high levels that preceded it. That is why Keynes advocated the preservation of low interest rates in order to alleviate the stagnant trend. This picture is not possible in the postwar decades, but may come into its own now, with the emergence of chronic surpluses of Asian economies.

If China and other countries are chronic "savers" who can be "sverhzaemschikami? Over the years they have been consumers of "Anglo-Saxon" model of the economy. But even if there was no banking crisis, sooner or later they would have to face the prudential limits of their debt levels as a result, only the public authorities will take out loans. The proposals enunciated kinds of money can cause dissatisfaction of the authorities that they do so on their own. But the right approach may be at St. Augustine: "It will make me virtuous, but not now" - where "not now", which is still a very long time.

The Financial Times
October 29

U.S. GDP grew by 3.5% in third quarter

Growth of the U.S. economy in the third quarter amounted to 3,5%. Volume incentive program of the U.S. government allowed the country's economy out of the very long and deep recession, with 30 years of the last century.
GDP growth in the third quarter was the first in the current year and the most significant in the past two years. Before reporting period, U.S. GDP has been declining steadily for four consecutive quarters. This was the first time since the Great Depression.
Compared with the same period last year, U.S. GDP fell by 2.3%.

Number of applications for unemployment benefits in the United States dropped to 531 thousand

According to the U.S. Department of Labor, the number of initial claims for unemployment benefits declined for the past week.
Index fell for the week to Oct. 24 at 1 thousand to 531 thousand average value of the index over the past four weeks dropped to 6 tons to 526.25 thousand.
In the same time, the number of Americans continuing to receive unemployment benefits decreased by one week October 17 at 148 thousand to 5,8 million people. This indicator is at its lowest level since March this year.

CBR should inflation

Financial Analyst FxPro Alexander Kuptsikevich: On Thursday, the board of directors of Bank of Russia decided to lower the refinancing rate by half a percentage point to 9,5%. As stated in the declaration, such a decision in the first place "stimulates the activity of the credit of the banking sector. This means that the Bank intends to continue to struggle with the strengthening of the ruble, using not only the purchase of currency on the market.

One reason for the deepest recession in Russia served as a huge amount of foreign loans. If the situation gets out of control the central bank may apply the effective action only in respect of its own currency. During the fall, economic activity is an objective measure of the depreciation of the currency, but in our circumstances (and an even greater extent in the countries of Central and Eastern Europe), this policy simply increases the volume of bad debts.

One solution to the Central Bank has been a significant limitation on the issuance of new loans in foreign currency. But in the long term, not long-term use of protective barriers. Another option is to bring monetary policy in conformity with what is observed in the creditor countries, of course, subject to Russian realities. As is evident from the statement of the Central Bank, this is the ultimate goal of policy. The stakes for business in the 14-18%% APR prohibitively large, they consume a significant portion of the profit only to debt servicing. And in this case slowing of inflation favors the monetary authorities. Following its decline in the Bank can cut rates, making them more acceptable to companies originating loans in rubles.

Inflation may slow down for two reasons: a weak activity in the country and the strengthening of the ruble against other currencies for external reasons. But strengthening of the ruble has many other negative effects (pressure on Russia's companies and the growth of speculative interest rate). With great probability it can be said that the chosen course for further narrowing the interest rate differential between Russia and other countries with a gradual weakening of the screws on lending in foreign currency. While these restrictions still look reasonable.

On hand in this case will deter the growth of energy prices. Such a trivial move for oil-exporting countries suddenly began to move and some representatives OPEK.Pri such developments in the coming years we will not talk about the windfall from oil and curbing the growth rate of the ruble and inflation.

In the short term, the ruble may still continue to rise for this week to 28.80 on news of the strengthening of economic activity in the world and the development antidollarovyh sentiment. New highs for oil can also strengthen the value of the ruble to a basket, today it has updated at least since the beginning of the year, referring to 35,33 p. As a result, increases the likelihood of further reductions in rates and falling inflation, but it is unlikely to create jobs and stimulate business activity.

Keltner Channels MT4 Indicator

The Keltner Channel indicator locates the most important trends. The indicator is based on principles similar to those used in Envelopes and Bollinger Bands. The difference is in that instead of percentage (Envelopes) or standard deviations (Bollinger Bands),

the average true range is used here. The upper band is calculated as the moving average plus the average, for N periods, true range.
The lower band is the moving average minus the average true range.

As a rule, the upper band detects that the market is overbought and that correction will most probably be down-directed.
The lower band means that the market is oversold and that correction will most probably be up-directed.

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RBS recommends buying euro / dollar on the decline

As the currency analysts Royal Bank of Scotland, the rising trend of the euro remains in force, and investors should buy the currency at lower. The bank's strategy pay attention to the fact that the euro / dollar has declined and is now in the middle part of the recent consolidation range.
In the case of a deeper correction of a couple may go down to the area of $ 1.45, but it is unlikely this decline will be long.
Bank analysts believe that in the medium term investors should buy the euro / dollar to decline. Currently, the euro / dollar bargains at level of $ 1.4847.

Oil prices and bank profitability

Bank balances oil-exporting economies have suffered in recent times. This column offers the first empirical evidence that links the price of oil to the activities of banks in these economies. It suggests that the simple observation of the price of oil can indicate the macro-prudential regulation in these countries and to mitigate pro-cyclicality of bank lending.

The recent financial crisis and a sharp drop in oil prices hit the economy of exporting countries in the Middle East and North Africa (MENA). Export revenues to the government and financial balances fell sharply, reducing GDP growth and asset prices / real estate, which has made tensions both in the corporate and the banking balance sheet, loan growth in the private sector has deteriorated substantially. In some countries, governments were forced to intervene in the domestic financial sector to guarantee deposits, maintaining liquidity, capital injections or asset purchases (using state features, such as sovereign wealth funds), as indicators of financial sector deteriorated. In particular, banks that provide a lot of credit for the purchase of real estate and other tangible assets have suffered the heaviest losses due to falling prices of these them.

Given the dependence on oil exports, the relationship between the price of black gold, and the efficiency of the banking system, the stability of the whole system is interesting from the standpoint not only of the current crisis, but also the previous cycles oil booms. Do the prices of oil on the efficiency of the banking system, and, if so, through what channels? Or still no direct link between oil prices and banks, if we have a view of macroeconomic and bank-specific factors? Are there any differences between commercial, investment and Islamic banks? What was the impact of the global financial crisis on the profitability of banks and the relationship with oil prices

The influence of oil prices on the efficiency of banks
• Oil prices affect the economy through direct and indirect channels. Shocks in oil prices may affect the profitability of banks directly via an increase in non-oil lending, business activity or excess liquidity in the banking system.

• Indirectly, the prospects for oil revenues affect the budget since oil revenues make up the largest part of external and government revenues in the MENA. This, in turn, affects the corporate and bank profitability through the provision of credit to the private sector.

• Another indirect channel is connected with the expectations and the general sentiment in the business in the country. Rising oil prices may lead to an increase in domestic demand, which will provide feedback to a large bank credibility, lending and interest rates.

• On the part of aggregate demand, production capacity of the country can also be expanded to include new public and private investment, fueled by high oil prices, driving the growth rate even further.

Similar effects were evident during the pre-crisis boom (IMF, 2009). Between 2005 and 2008, supported by high prices for oil-exporting countries have participated in major investment programs to diversify the national economy and development of human capital. Financial institutions receive a handsome profit and seemed to be resilient, having sufficient capital to low-performing loans.

What does the literature?
In general, the study of profitability of banks cover a wide range of countries and regions, and in the banking literature is that profitability depends on the particular bank and macroeconomic factors. From the standpoint of the bank - specific factors, such as credit risk, liquidity, size, efficiency and ownership, has been found, are the main factors determining the effectiveness of the Bank (Molyneux and Thornton, 1992, Miller and Noulas, 1997, Demirguc-Kunt and Huizinga, 2000). Profitability of banks can also be very constant, (Athanasoglu et al, 2008) that permits a certain level of concentration and market power in the banking industry of both capital and manufacturing markets.

In terms of macroeconomic variables, researchers found a link between inflation, interest rates and profitability, as well as with business cycles and bank efficiency (Demirguc-Kunt and Huizinga, 2000; Flamini et al, 2009). Banks usually have the ability to adjust interest rates if the (expected) inflation increases, which can provide feedback to higher revenues and profits. Communication from Council of the Gulf Cooperation (GCC) may be somewhat different, since the exchange rate pegged to the dollar, and this means that inflation is imported from abroad (bearing in mind that monetary policy aims at maintaining the course).

Empirical academic literature on the differences in commercial and Islamic banks are very rare and mostly affect the financial stability (Cihak and Hesse, 2008), without considering its relationship with the oil - the main source of revenue for oil-exporting countries. Conceptually, the fact that Islamic banks often tend to finance their bonds, bypassing the Sharia-compliant deposits and higher oil prices due to higher liquidity and, consequently, the influx of deposits, which contribute to lending, so a positive correlation between oil prices and bank performance for Islamic banks seems quite likely. Oil prices have fallen from their peak of $ 140 per barrel and reduced liquidity not only struck by the Islamic banks but also for their traditional partners, so that the differential impact is not obvious a priori. One would expect that the investment banks with their typical model of wholesale trade and more potent effect than the rules and other Islamic banks suffer from liquidity shortage.

New proof
In Poghosyan and Hesse (2009), we empirically examine the relationship between shocks to oil prices and bank performance in MENA countries (Algeria, Bahrain, Iran, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Sudan, UAE and Yemen), using banking data for the period 1994-2008 and dynamic management techniques. To our knowledge, no research clearly affects the exporting country and bank efficiency. Inclusion of changes in oil prices and turmoil, as the system variables, in this context is the innovation and the use of different definitions for shocks ensures reliable results. As the business model of commercial, investment and Islamic banks were likely to show differences, we also investigate the influence of banking expertise to its profitability. Our data suggest that oil prices affect the banking profitability indirectly, through macro-channels. In particular, the main macro-channels serve as fiscal relations, inflation, and (in part) the real growth of GDP. In terms of differences in the types of banks, we see that investment banks are at highest impact and most sensitive to oil price shocks, which are caused by its buoyancy, costs, trade and income received during the price peak, and also supported by extra-related Oil liquidity that is included in the financial system. However, this result should be interpreted with some caution, since we are not responsible for the real estate prices (due to lack of data), which could have a significant impact on the profitability of commercial and Islamic banks. Moreover, given the heterogeneity of data on bank balance sheets, we can not fully grasp the relationship between the type of bank and oil price shocks. We also found preliminary evidence that the global financial crisis has reduced the positive impact on the connection between the jumps in oil prices and the profitability of banks. In terms of bank-specific variables, greater liquidity and efficiency, capitalized banks have higher profits and maintain it for some time.

Implications of policy
Our results have interesting political implications, since they provide the first evidence of the importance of systemic jumps in oil prices for banking efficiency in the exporting countries. We had presumed evidence of this relationship, but they have not been verified empirically. In particular, these results indicate that the oil price shocks can be used for the purposes of macro-prudential regulation in the countries of MENA, as oil prices tracked more easily than using conventional measures of business cycle (such as the deviation of GDP from its potential level). For example, the capitalization of the bank's relationship with the shock to oil prices could help alleviate the pro-cyclical bank lending and allow banks to use their bag, created during the boom period, in order to ensure that lending during recessions.

Authors Heiko Hesse, IMF economist for the Middle East and Central Asia, and Tigran Poghosyan, an economist at the IMF.

VoxEU.com
October 27

Index of confidence in the euro-zone economy grew more than expected in October

Index of confidence in the euro-zone economy (Euro-Zone Economic Confidence) for October was 86.2 points, reports the European Commission. Value index surpassed expectations of analysts projected an increase to 84.4 points. Recall that a month earlier figure stood at 82.8 points.
The index of consumer confidence (Euro-Zone Consumer Confidence) for October increased to -19 points to -18 points in the forecast -17 points.
The index of confidence in the business community (Business Climate Indicator) was -1.78 points for October at the previous value of -2.07 points and prognosis of -1.90 points.

The number of unemployed in Germany fell by 26 000 in October

According to the Federal Bureau of Statistics of Germany, the number of unemployed in Germany, seasonally adjusted fell by 26 000 in October.
Thus analysts predicted the increase rate of 17 000. The previous month the number of unemployed in Germany fell by 15 000 (previously reported a reduction of 12 000).
Unemployment rate seasonally adjusted amounted to 8,1% in October compared to 8,2% in the previous month and the forecast at 8,3%.
Given the seasonal fluctuations of the total number of unemployed has declined over the reporting period from 3 346 million to $ 3 229 million.

Societe Generale: the trend is still your friend

Societe Generale analysts are increasingly concerned. They say the trend - your friend, until he was replaced by another trend. The bank advised to exercise caution: this may have happened. The ongoing rollback of risky assets, possibly no more than another obstacle to the restoration of the world economy, which in the past few months we have seen a lot. However, the bank pay attention to the first since December last year, reducing the weekly index of the Institute of advanced studies of economic cycles (ECRI). Bank analysts are reminded that the false dawns and occurred during the "lost decade" of Japan, therefore, advised to closely monitor leading indicators.

Microcredit gives light to poor rural

Ahmedabad, India - When in remote areas of Africa and the Indian subcontinent night falls, hundreds of millions of people living without electricity, have resorted to using candles and flammable, polluting the air, kerosene candles.

Very slowly, with the help of microloans to buy fed by solar energy devices, micro brings light to these rural areas where electricity shortages have driven into a corner and economic development, education and health.

"Before they could do little after sunset. Now, the sun is used differently. They have increased their productivity, improved health and socio-economic status ", - said Pina Shah (Pinal Shah), working in microcredit institutions Sewa bank.

Seller vegetables Ramiben Wagri (Ramiben Waghri) took out a loan to buy a solar lantern, which she uses to cover his stall at night. Lantern stands at around $ 66-112, which is approximately weekly income Wagri.

"Vegetables look better by this light, it is cheaper than using kerosene and does not smell" - said Wagri, which assesses the daily supplement to their income of about 300 rupees ($ 6).

"If we can use the sun to save a little money, why not?"

In India, solar energy projects are often financed micro-credit institutions that help countries to reduce carbon emissions and achieve its goal of doubling the participation of renewable energy sources in the industry to 6% (25,000 megawatts) over four years.

Stand-alone devices such as solar panels and lights, which can provide several hours of light at night, charged by the sun during the day, will help reduce dependence on fossil fuels and reduce the carbon footprint of the fourth largest source of emissions, "said Pradeep Dadich (Pradeep Dadhich), Senior Researcher at a research university TERI.

"They are used by people who have limited or no access to electricity and depend on kerosene, diesel or wood," - he said.

"These devices not only meet these needs, they also improve the quality of life and reduce carbon dioxide emissions."

SEWA (Self-Employed Women's Association) - is one of their fast-growing microfinance institutions in India, which aims to provide poor people affordable renewable sources of energy that would otherwise have to stand for hours in queues for kerosene for lamps, or to overcome the miles to stock up firewood to cook the food.

SKS Microfinance - the largest manufacturer in India, predagaet sun lamp for 5 million of its customers, while, as Grameen Surya Bijlee Foundation (deals with problems of solar electricity for villagers) is helping to finance the purchase of lamps, home and street lighting systems for rural India, Nepal and Bangladesh .

"Electricity - is the task of government, but it is a huge task alone and it will fail," - said the coordinator of the South Asia Renewable Energy and its efficient use of Shirish Garud (Shirish Garud).

"In many cases, the end user can not access traditional banking services and financial services, which is why we need to microfinance.

Aryavart Gramin Bank has approved loans for the installation of 8000 solar home systems in Uttar Pradesh, India's largest state, which is also the largest producer of grain.

In remote areas of Africa and, through microloans, homes, schools and individual companies appears electricity. Poor people use money they would spend on kerosene to repay their loans taken for purchase of solar panels.

Billion lamps
Hundreds of millions of people in India are limited or no access to electricity. Nevertheless, the growing demand for electricity by industries in a country that sees its GDP growth rate of 9% or higher over the next three years and in 2007/2008 was faced with serious problems in facilities and infrastructure.

Of the 76 million homes that do not have access to electricity, 65 million use kerosene released into the atmosphere. According to REEP, kerosene is flammable and produces smoke. Every year thousands of people in developing countries die from accidents that result from kerosene lamps and stoves.

Developing countries currently emit more than half of all greenhouse gases in the world, and this figure will grow.

As expected, emissions of greenhouse gases in India would jump from about 4 billion tons to 7.33 billion tons by 2031. Currently in India there is no accurate data on emissions of greenhouse gases.

Per capita emissions are 1.2 tonnes, the expected growth is 2.1 tons by 2020, according to a recent study financed by the state.

India adds about 10 gigawatts of energy each year and are likely to face a shortage of 21,000 megawatts, as well as the expansion of production capacity can not keep up with demand, leading to a greater number of outages. Solar energy is a little relieve network.

In neighboring Bangladesh, the public and the private sector can generate from 3700 to 4300 megawatts daily against a demand of 5500 megawatts, according to the State Administration for energy development.

Only 40% of the population have access to electricity, microfinance institutions, as the Grameen Bank made a major push to expand the use of solar energy.

Since 2001, Bangladesh was established 350,000 solar home systems and 550,000 solar lanterns have been implemented, allowing electricity to about 4 million.

"At the moment 2.5 million people benefit from solar energy, and we plan to achieve the target of 10 million people who use this type of energy by 2012," said Deepa Chandra Barua (Dipal Chandra Barua), Executive Director of Grameen Shakti, which is an affiliate of Grameen Bank, awarded the 2006 Nobel Prize in the field of alternative energy sources.

Alternative Energy
Renewable energy in India produces less than 3% of the total power consumption in the country, and the main source is the wind.

Investor interest in solar energy grows, new plans for the use of solar energy will be sounded in December, in conjunction with the Summit in Copenhagen on climate change.

In the western state of Gujarat, which launched its own program for the development of solar energy in the beginning of the year, planned to build solar parks. But even here, microfinance helps to power lamps and stoves, as the scale of towns, both small towns, where there is power failure.


She sews clothes for the sewing machine, fed by solar energy in the city of Ahmedabad in western India, Sep 10. 2009

REEEP, which is developing 10 projects on renewable energy with the help of microfinance, believes that the required 234 billion rupees ($ 49 billion) to provide electricity for 65 million rural homes.

This amount is less than half the total subsidy, which provides the government to make kerosene affordable for the poor.

Part of this money will come from microfinance institutions, which face significantly less risk by issuing short-term loans for equipment for the accumulation of solar energy. REEP, along with the Research Institute of Energy TERI, are campaigning is "light billions of lives", which aims to replace kerosene lamps solar energy.

Launched last year with the help of partners such as the Clinton Climate Initiative, this program provided the energy of more than 100 villages.

Sewa's Project Urja ( "energy") with financial support from US-based Lemelson Foundation, partners India's Solar Electric Light Co (SELCO) move toward the improvement of solar devices.

"It's cheaper, environmentally friendly and requires less maintenance," said Pina Shah, responsible for energy projects in the Sewa Bank, which provided more than 6 million rupees ($ 124,000) in loans for the purchase of solar panels, approximately 10% of the 300,000 claiming the credit.

Other devices SELCO, include head lamps for midwives, solar panels for the farmers, distributing of silk worms for silk industry, sewing machines, working on solar panels.

In the congested area Jamalpur in Ahmedabad, a small shop Salma Mohammed highlighted the expense of solar energy on the batteries, bought on credit for 33,000 rupees, which provided Sewa Bank.

"This store has helped me raise my children," the tale he. Solar panels have improved our lives, giving us enough to be thankful.

($ 1 = 48 rupees)

Micro loans bring light to rural poor
Reuters
October 27