All News and Announcements
Jamaica Plans to Launch Central Bank Digital Currency in 2022
The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic.
Brazil-Based Mobile Payments Platform RecargaPay Attracts $70 Million
RecargaPay is a mobile payments platform and wallet for Brazil that is focused on simplifying everyday payments for banked and unbanked consumers in Brazil.
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic
Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.
Symbiotics Launches $10,5M Social Bond With La Hipotecaria Colombia
The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.
IFC and IDB Invest Share System to Help Latin American Financial Institutions Measure Climate Impact
The new agreement allows two of the leading multilateral development banks with focus on the private sector to offer Climate Assessment for Financial Institutions tool to a larger number of financial institutions.
IFC and Jive Partner to Support the Expansion of Credit Access for Small and Medium Enterprises in Brazil
The partnership aims to support the development of the distressed small and medium enterprises assets market in Brazil.
Mastercard, Juvo Team up to Help Underbanked Build Credit In LATAM, Caribbean
Mastercard plans to take Juvo’s platform to financial institutions across Latin America and the Caribbean. The companies said the service could potentially help open up banking services to millions of customers.
Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance
The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”
IDB Group Analyzes Financial Inclusion in Times of COVID-19
On November 16, IDB Lab will bring together experts on the state of financial inclusion in a scenario strongly marked by the disruptions caused by the health emergency.