The Early Impact of COVID-19 on Financial Institutions
This note summarizes key findings extracted from October 2020 survey responses to gauge the impact of the COVID-19 pandemic on financial institutions around the world.
IFC’s DigiLab to Drive Digital Transformation of Financial Services in Europe and Central Asia
After launching IFC's DigiLab Finance program in the Western Balkans and Georgia late last year, it is now expanding to new markets in Armenia, Kazakhstan, Tajikistan and Ukraine, a move that is expected to promote financial inclusion.
IFC, JC Flowers Launch Platform to Help Indian Financial Institutions Resolve Distressed Assets
Under the project, an expansion of IFC's Distressed Asset Recovery Program's work in India, IFC will invest up to $100 million in the J.C. Flowers India Opportunities Fund if certain conditions are met, with an initial commitment of $40 million.
IFC, Banco Daycoval Support Smaller Businesses, Including Those Owned by Women, in Brazil
The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.
IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs
The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
Central Bank of Sri Lanka and IFC Launch the Country’s First National Financial Inclusion Strategy to Boost Financial Inclusion for All
The new strategy highlights Sri Lanka's gains in boosting access to financial services, and particularly, on areas of improvement to ensure usage and full financial inclusion in the country.
Insular Life, Philippines – The Case for Insuring Women for a Better Tomorrow
This case study showcases the business case for women's insurance in the Philippines.
COVID-19 and Women-Led MSMEs in Sub-Saharan Africa
This study aims to understand the impact of the COVID-19 pandemic on women-led MSMEs in 13 African countries hoping to contribute to further strengthening of outcomes for those MSMEs.
IFC Investment to Boost Access to Finance for Farmers, Strengthen Agribusiness in Turkey
This targeted new investment will help address the critical financing needs of Turkey's underserved micro, small, and medium enterprises in the agricultural sector.
IFC Initiative to Help Financial Institutions Support Small Businesses Disrupted by Pandemic
The new Base of the Pyramid Program will provide up to $400 million to microfinance institutions, non-bank financial institutions, and banks that are focused on micro, small, and medium enterprises.