All News and Announcements
IFC Providing $5 Million to Timor-Leste's Kaebauk Investimentu no Finansas, S.A. to Improve Access to Finance for Farmers, With a Focus on Women
The investment is expected to lead to over 10,000 more people gaining access to finance by 2024, of which over 75 percent will be women.
Garment Workers Pressed by Piling Microfinance Debt, Report Says
Tens of thousands of garment workers, who are facing slashed work hours and wages amid the global pandemic and economic downturn, will struggle to repay mounting microfinance debt, a new civil society report says.
COVID-19 Creates Opportunities for Mass Adoption of Fintech in Bulgaria
The COVID-19 outbreak and the economic downturn it triggered gave the fintech sector in Bulgaria a chance to see various opportunities for mass adoption of financial technology in the near future.
HNB Records Growth in Digital Remittances During COVID Lockdown
Sri Lanka’s HNB has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.
India: Digital Payments Bounce Back to Pre-COVID Levels
Digital payment transactions through the Unified Payment Interface (UPI), cards and mobile wallets have made a near V-shaped recovery this month.
Pakistan: Can Microfinance Survive COVID?
Even before coronavirus came, Pakistan’s microfinance sector was sniffling.
Supporting Nepal’s Migrants, as Overseas Work Dries Up
Since the economic slowdown resulting from the COVID-19 pandemic, work for many of them has dried up. The UN is supporting efforts to manage the large-scale influx of returnee workers.