All News and Announcements

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News

Open Request for Proposals: Consumer Protection Research Initiative

The Initiative will accept proposals for full and pilot projects which use randomized controlled trial evaluation to assess the impact of a consumer protection intervention or market monitoring tool.

News

IFAD Launches $500m Fund to Channel Climate Finance to Smallholders

The Adaptation for Smallholder Agriculture Program, known as ASAP+, aims to mobilize $500 million to reach more than 10 million people with climate adaptation activities.

News

High Cost, Waiting Time Associated With Remittances Big Concern Among Malaysians, Survey Shows

These findings were from a survey to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.

News

EIB, Jaida Loans Morocco EUR 10M to Support Microcredit Activity

This is a continuation of the EIB's action carried out for several years in favor of microfinance in Morocco and is part of the bank's response aimed at supporting  micro-entrepreneurs, in the context of the COVID-19 crisis.

News

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.

News

KfW Development Bank Invests EUR 20 Million in the Regional MSME Investment Fund for Sub-Saharan Africa

This investment will help to finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa, that have joined the G20 Compact with Africa program initiated by the German Government.

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BRIBrain Uses AI to Speed Up Loan Approvals, Helps More MSMEs Survive Pandemic

Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.

News

Funding for Research on Access to Energy, WASH, and Food Security for MFIs and Suppliers

The project will entail market studies with rural households in Latin America, Southeast Asia, and Africa, to investigate the nexus between energy access, access to WASH, and food security.

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Kenya's Co-op Bank Gets $75M for Lending to MSMEs

The bank’s chief executive Gideon Muriuki said the funds would be used to support businesses to better cope with the disruptions brought about by the COVID-19 pandemic.

News

Bill and Melinda Gates Are Now Backing New Digital Payments System in Pakistan to Support Financial Inclusion for Women

The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.