What is EMpower?
EMpower - The Emerging Markets Foundation is a not-for-profit organization that ties the resources of Emerging Markets (EM) professionals world-wide with the vitality of community-based social sector initiatives in developing countries.
Founded in 2000 by financial professionals from the emerging markets community who were “doing well” and also wanted to “do good”, EMpower was created to make grants to local organizations working to improve the lives of marginalized youth in EM countries, and act as a bridge between those with resources and those who need resources.
EMpower UK was formed in 2007 out of the interest of emerging markets professionals, from London and Continental Europe, to deploy resources in support of marginalized communities in EM countries. Since then, EMpower UK has formed an Underwriting Group and a Board made up of prominent members of the EM community in London and throughout Europe and Russia.
EMpower provides funding and some technical support to community-based organizations in EM countries that are working to improve the lives of young people.
What is an Emerging Market Country?
The term Emerging Market country commonly refers to industrializing or emerging nations of the world. Such countries are considered to be in a transitional phase between developing and developed with an economy with low or middle per capita income. Emerging markets constitute about 80% of the world’s population, representing about 20% of the world’s economy.