Landmark Payment System Reforms to Support Economic Activity and Boost Financial Inclusion
The Fijian Parliament passed the National Payment System Act, paving the way for this reform program to boost access to affordable payment services through digital solutions and support the drive for greater financial inclusion.
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.
New Parametric Microinsurance Products Launched to Cushion Impact of Climate Change in Fiji
Both products offer combined insurance cover against heavy wind and rainfall and are designed to offer immediate financial support after extreme weather events.
Fintech Innovation Challenge Aims to Help Address the Challenge of Financial Inclusion in Pacific Island Countries
The United Nations Capital Development Fund launched the challenge with the aim to attract local and global fintechs with market-ready solutions to address identified problem statements which represent the challenges faced by Pacific Islands Countries.
Women Entrepreneurs With Microfinance Loans Face Lots of Challenges, With or Without a Pandemic
Microfinance-supported entrepreneurs have exhibited the same resourcefulness that has characterized many other small businesses during the pandemic. At the same time, they face a variety of ongoing challenges.
GGF and DenizBank Expand Access to Green Finance in Turkey with EUR 25 Million Investment
Senior loan of EUR 25 million to new Green for Growth Fund (GGF) partner to increase uptake of renewable energy, energy efficiency, and resource efficiency measures in the country.
United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
Fiji: Survey Shows Improvement in Financial Inclusion
A 2020 Financial Services Demand Side Survey Report released by the Reserve Bank revealed that the level of formal financial inclusion among Fijians has increased to 81 percent from 64 percent in 2014.