The co-investment represents IFC's first investment in the insurance brokerage sector and reflects IFC's interest in increasing insurance penetration for Mexican companies alongside a leading player in the market.

Eventually, this project aims at supporting last-mile distributors scaling their operations and providing investors with data transparency and standard formats to unleash new investment opportunities.

After two years of research including the latest developments brought by the Covid-19 pandemic, a financial health manual is now available.

This latest move by Mastercard will help 90 plus MFIs and 300,000 small businesses across Europe and Central Asia sail through the COVID-led financial turmoil.

COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.

The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.

Capital from the Kiva Refugee Investment Fund will be invested in partnership with microfinance partners across the Middle East, Africa, and Latin America.

The senior director and deputy chief ratings officer at Crisil said the sector's collection efficiency has stalled at 90 to 94 percent over the past few months, compared with the pre-pandemic level of 98 to 99 percent.

In 2020, savings groups in refugee contexts have had the lowest late repayment rate compared to any of the other clients served by VisionFund Uganda.

The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.