Bangladesh: Remittance Hits Record High in July
Many expats have been sending money as part of their preparation to return home due to joblessness abroad.
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.
IFC Finances the City Bank to Help Bangladeshi Companies and Small and Medium Enterprises Impacted by COVID-19
The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, which aims to help companies stay in business.
SANAD and Vitas Eexpand Access to Finance for MSEs and Low-Income Households in the West Bank and Gaza
This was a top-up loan of $4 million to support microfinance sector during challenging environment brought about by COVID-19 crisis.
Digital Financial Services Must Expand to Address Pandemic Fallout
Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.
EIB Backs Palestinian Startups With a $50 Million Line of Credit to Bank of Palestine
The European Investment Bank (EIB) extended a $50 million line of credit to Bank of Palestine to support the resilience of the Palestinian private sector through on-lending to local SMEs, as part of Team Europe’s overall response to the Covid-19 crisis.
IFC Provides $30M to BRAC Bank to Support Businesses During COVID-19
The investment will help to keep small and medium-sized enterprises open and preserve jobs, which is critical to sustaining the Bangladeshi economy.
WB Approves $200M to Help Poor Urban Youths, Migrant Returnees
The Recovery and Advancement of Informal Sector Employment project will help about 175,000 poor urban youths and low-income microentrepreneurs enhance employability and productivity.
The Digital Journey of Shakti Foundation for Disadvantaged Women (SME Loans): A Lesson for Progressive MFIs in Bangladesh
This case study charts how Shakti Foundation for Disadvantaged Women utilized technology to grow its SME portfolio and enhance cost and time efficiency.