COVID-19 Drives African States Into Cashless Societies
According to a recent GSMA report, Sub-Saharan Africa is the enduring epicenter of mobile money, adding over 50 million registered accounts in 2019.
Microfinance Firms in Myanmar Struggle to Stay Afloat in Second Wave
Government travel restrictions and orders to defer repayments and lower interest rates on loans due to COVID-19 have reduced the ability of Myanmar’s microfinance companies to help rural people who desperately need capital.
EFSE and ProCredit Bank Boost Financing for Ukrainian Agricultural Sector
UAH funding equivalent to EUR 20 million to be on-lent in local currency to small farmers and producers to support economic recovery during COVID-19 crisis.
Undocumented Migrant Workers To Get Government Support for Returning Home
All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.
IFC Updates CAFI Platform to Help Financial Institutions Measure Climate Impact
IFC has updated its first-of-a-kind online climate impact measurement platform to make it easier for financial institutions to assess the climate eligibility of their investments and estimate the development impact of their climate-related activities.
IFC and MBA Work To Improve Access to Funding for Micro, Small and Medium Enterprises in Mongolia
A new agreement between IFC and the Mongolian Bankers Association will help improve access to funding for 200,000 micro, small and medium enterprises cumulatively over the next five years by developing a vibrant market for value chain finance in Mongolia.
ACI Worldwide Announces 2020 Innovation Award Winners, Recognizing Global Digital Payments Innovation
ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced the winners of the 2020 ACI Innovation Awards.
Symbiotics Launches INR 1,260 Million Bond To Finance Indian C&I Solar Developer Fourth Partner Energy Limited
Symbiotics has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects.
Banking Sector Deposits NPR 280 Million in COVID-19 Fund After Central Bank Directive
As per revised unified directives, banks and financial institutions can also contribute the fund to protect and treat their employees.
Buusaa Gonofaa Microfinance, Muktinath Bikas Bank and RENACA-Bénin Announced as Finalists for European Microfinance Award 2020 on Encouraging Effective & Inclusive Savings
These three organizations each offer savings products & services that are demand-driven, encourage usage based on a genuine understanding of clients’ needs and behavior, reach under-served populations who need these services the most, and ensure that the savings are accessible, affordable and useful.