Global Development Finance Coalition Commits Over $5.5 B for Micro, Small & Medium Enterprises (MSME) Financing in Africa
The coalition said it had exceeded its initial target by 40 percent, while development finance institutions jointly committed over $5.55 billion of financing of MSMEs in Africa over the period.
U GRO Capital Impact Financing Gets Endorsement From responsAbility
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.
IFC, LeapFrog Investments and DEG Invest in Vietnam’s HDBank to Help Accelerate Economic Recovery, Expand Lending to Smaller Businesses, and Boost Resiliency of the Banking Sector
Investment will increase access to credit for retail and small and medium enterprises (SMEs) with specific focus on women entrepreneurs.
Financial Systems Development in Mozambique - One More Project Extension From GIZ and EU to AFC
This very important commitment brings the duration of the advisory services provided by AFC to a total of nine years, with a total contract value of EUR 3.4 million.
Locked out of Learning: Addressing the COVID-19 Education Crisis
Private sector investment is needed to support low-cost private schools in low and medium income countries.
IFC, Omni Support Truck Drivers, Immigrants, Refugees, and Micro-entrepreneurs in Brazil
The investment will increase Omni's capacity to assist their existing as well as new clients, thus supporting the private sector's recovery in the wake of the pandemic.
Sri Lanka’s Alliance Finance Gets $5M From EMF Microfinance Fund
The $5 million loan from EMF Microfinance Fund AGmvK will be used for on-lending to micro, small and medium enterprises.
2020 Trends in International Funding for Financial Inclusion
International funders committed approximately $58 billion to financial inclusion in 2020, a $6 billion increase from the prior year. Commitments from public funders continued to drive growth.
IFC and Ministry of Justice Join Hands to Improve Insolvency Laws in Kosovo, Boost Lending
The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.
Luxembourg Becomes Ninth Contributor to UNCDF’s Last-Mile Finance Trust Fund (LMF-TF)
Contribution will be used to finance UNCDF’s BRIDGE Facility—the Finance Facility dedicated to the world’s 46 least developed countries (LDCs).