Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.

A roundup of the most relevant coronavirus-related news, resources and events from the past two weeks

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.

More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.

The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses. 

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.

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.

Check out the sessions from this year's all-virtual conference that are most relevant for financial inclusion and microfinance practitioners. 

What does the COVID-19 crisis mean for the future of microfinance? Should MFIs take digital transformation more seriously? What will it take to get them there? And what is at stake if they don’t modernize?

Exploring Covid-19’s impact on women’s economic empowerment and building resilience through equitable and inclusive financial systems.