All News and Announcements
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.
Regulatory Innovation Advances in the Face of COVID-19
While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.
Remittances From Moroccan Diaspora Reached $7 Billion in November 2020
Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.
World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances
The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.
IFAD to Support Rebuilding Bangladesh's Microenterprises
The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.
Grameen America Raises $17.5 Million for Second Microfinance Fund
The nonprofit’s new $17.5 million impact fund will specifically focus on supporting underserved women business owners impacted by COVID.
Remittances to Pakistan Stay Above $2 Billion for Sixth Consecutive Month
UAE emerges second largest source of remittances for Pakistan in first five months of FY 2021.
Amid Pandemic, Household Savings Rise Slightly
Filipino households in the lower-income group, especially those in the rural areas of the country, are still struggling to save.
New Mastercard Study Reveals Rapid Shift Toward Digital Payments in Saudi Arabia
Up to 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.
$500 Million ADB Loan to Expand Financial Inclusion in Indonesia
Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.