The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.

The Banks and Other Financial Institutions’ (BAFI) Awards is annual event set up to recognize and celebrate organizations that have achieved excellence in the delivery of their financial services across the entire client/customer spectrum and contributed to the industry’s overall growth.

The collaboration will help address the liquidity constraints that micro, small, and medium enterprises are facing in the country, supporting economic stability.

The US-based social enterprise Pro Mujer this week launched the pilot phase of the platform, a Spanish-language resource for women running “subsistence” enterprises.

The partnership will help Toka Fintech, a Mexican-leading financial group, to develop its own digital payment app with Alipay+ Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.

The report states that financial inclusion policies have a multiplier effect on economic growth.

This placement is the first-ever senior preferred bond issuance by Banca Comercială Romana S.A., Romania's second-largest bank.

Over 50 percent of small and micro-businesses  in a recent UNCDF and Visa study had poor understanding of how digital and financial services could help their businesses, and financial literacy gaps were even more pronounced for women entrepreneurs.

CGAP aims to support up to five MFIs in two workstreams: 1) A measurement workstream to assess the impact that MFIs’ digital solutions, and 2) An automation workstream to automate the repeat loan process, particularly for MFIs’ existing MSE clients.

ACBA has committed to use the proceeds of the Sustainability Bond for both social and green projects, in line with the ICMA Sustainability Bond Principles.