Digitalizing the Route of Remittances Will Help Africa’s Recovery
Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.
FinDev COVID-19 Update | 08 - 21 Oct 2020
A roundup of the most relevant coronavirus-related news, resources and events from the past two weeks
Sri Lanka: ComBank Receives $ 50m Equity from IFC
This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.
Cambodia: Requests for Loan Restructuring Fall
More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.
Microinsurance Cover Needed for India's Poor to Prevent COVID-19 Economic Debacle
The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses.
New IFC Survey Reveals A Third of Workers in Bangladesh’s Micro, Small and Medium Enterprises Now Jobless in Wake of COVID-19 Impacts
A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19.
IFC Is Ready to Invest up to $2 Billion Pesos in ABL Trust Mexico to Promote SMEs Recovery
This investment is the first of five proposed commitments to ABL Trust Mexico that could reach a total of $2 billion pesos in the next three to five years.
FinDev Guide to the 2020 SEEP Annual Conference
Check out the sessions from this year's all-virtual conference that are most relevant for financial inclusion and microfinance practitioners.
What Is the Future of Microfinance?
What does the COVID-19 crisis mean for the future of microfinance? Should MFIs take digital transformation more seriously? What will it take to get them there? And what is at stake if they don’t modernize?
Women’s World Banking to Host Making Finance Work for Women Virtual Summit
Exploring Covid-19’s impact on women’s economic empowerment and building resilience through equitable and inclusive financial systems.