IFC's financing is expected to help TBC Bank further grow its SME and climate finance portfolios. In addition, the project will help strengthen Georgia's climate finance market by promoting best practices in sustainable lending.

The move aims to boost financial inclusion and support small businesses.

Mobilink Bank is actively promoting climate finance in Pakistan, enabling individual borrowers and SMEs to access financing for solar energy products.

The eight initiatives include developing financial services for all segments of society through financial technology and digital transformation, instant payments, open banking, developing the national distributor, and preparing controls regulating this field in accordance with best practices.

By joining, CARE commits to championing women-led businesses and working to eliminate financing gaps for women entrepreneurs.

Published in June, the report looks at the role credit unions play in supporting migrants and refugees in four countries: Brazil, Ecuador, Poland and the United States.

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

The money will "empower local small- and medium-sized enterprises, with a particular focus on underserved segments such as youth and women-owned businesses, agricultural enterprises, and very small enterprises".

Six students from Colombia and Peru are granted scholarships to cover tuition and academic costs for the young students until they finish their studies.

The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target.