New IFC Survey Reveals A Third of Workers in Bangladesh’s Micro, Small and Medium Enterprises Now Jobless in Wake of COVID-19 Impacts
A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19.
Sri Lanka: ComBank Receives $ 50m Equity from IFC
This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.
IFC Is Ready to Invest up to $2 Billion Pesos in ABL Trust Mexico to Promote SMEs Recovery
This investment is the first of five proposed commitments to ABL Trust Mexico that could reach a total of $2 billion pesos in the next three to five years.
Women’s World Banking to Host Making Finance Work for Women Virtual Summit
Exploring Covid-19’s impact on women’s economic empowerment and building resilience through equitable and inclusive financial systems.
IFC Supports Banco Agromercantil, BAM to Expand Financing for SMEs Affected by COVID-19, Helping Economic Recovery in Guatemala
More than 1000 micro, small, and medium enterprises (MSMEs) in Guatemala will have improved access to finance, as a result of a partnership between IFC and Banco Agromercantil.
Fintech Will Lead the Charge in the Post-COVID-19 Recovery
Fintech companies will remain profitable and offer SME’s better opportunities to grow following the economic downturn, says new report.
Rapid Innovation: How Fintechs are Adapting Under COVID-19
New survey data co-funded by SCBF shows how inclusive fintechs are adapting to the COVID-19 pandemic.
Remittances in the Time of Pandemic
Remittance inflow to South Asian countries indeed fell during the peak of the global pandemic.
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.
How Middle Eastern Merchants Can Keep Up With Pandemic-Driven Privacy, Payment Shifts
The region’s financial institutions and merchants have needed to work swiftly to support unprecedented levels of digital payments.