By focusing on the SMEs segment, including women-owned businesses, IFC aims to help close the existing financing gap for these two segments.

Haiti's Bank of the Republic is reducing the credit risk of microfinance institutions that will further enable financial institutions to provide more microloans to the small businesses and individuals as the nation examines various long-term recovery options.

The Belize Bank Limited—along with a fintech solutions provider, Wallet Factory—are the first in the region to launch a digital wallet app providing access to online banking services for Belizean customers.

The co-investment represents IFC's first investment in the insurance brokerage sector and reflects IFC's interest in increasing insurance penetration for Mexican companies alongside a leading player in the market.

Creditas’ products and services will be available on Nubank’s app in Brazil by the end of this year.

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.

High-level representatives from Latin America and the Caribbean noted that digital means continued to offer alternative modes for countries to achieve their financial inclusion goals and reach worst-impacted groups.

The investment will help reduce traditional banking costs and improve supply chains boosting financial access, productivity and exports.

The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.

The mission of the collaboration lies in the improvement of financial services in the Central American and Caribbean regions.