All News and Announcements
EOS Group, IFC Partner to Resolve Non-Performing Loans, Boost Lending in Poland
The EUR 275-million platform in Poland will help financial institutions resolve their non-performing loans, allowing individuals and businesses to restore their creditworthiness, and bolstering the country's banking sector.
EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia
This week IFAD launched the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.
Microcredit Helps Ukrainian Refugees Start Businesses in Georgia
Since launching in 2022, the program for Ukrainians, which includes business mentoring services in addition to micro-finance, has helped over 30 Ukrainian entrepreneurs to support themselves and other refugees.
Digital IDs Support Financial Inclusion in PNG, Govt Services in Cyprus, Bosnia, Barbados
Lack of a formal IDs slows economic growth by limiting who can participate in the formal economy.
Advancing the Modernization and Integration of Payment Systems in the Western Balkans
With support from the World Bank, the Western Balkan economies are making significant progress in aligning their national payment systems with EU standards as part of their accession goals.
IFC Invests in Shinhan Finance to Support Smaller Businesses in Kazakhstan
The financing will allow Shinhan Finance to continue providing much-needed longer-term loans and enhance the resilience of smaller enterprises, which are critical for economic growth and job creation.
LuxFLAG Sustainable Investment Week 2023 Certified With the Green Business Events Logo
This logo is awarded by the General Directorate for Tourism of the Ministère de l'Économie - Luxembourg and is coordinated by Oekozenter Pafendall who recognize events that diligently adhere to eco-responsible criteria.
Georgia Boosts Financial Inclusion, Transparency With EU, World Bank
The reforms are expected to benefit both individuals and companies through increased access to financial products such as credit and digital payments, as well as improved consumer protection supervision.
EBRD Loans $4.4 M to KEP Trust for MSMEs in Kosovo with Focus on Rural, Women-led MSMEs
KEP Trust plans to on-lend the proceeds of the senior, unsecured loan to micro-, small and medium-sized enterprises (MSMEs).
Paywatch, Visa Sign MoU to Promote Financial Inclusion Among Asia’s Workforce
Paywatch, a South Korean startup based in Malaysia since 2022, announced last week an MoU with Visa to promote financial inclusion and bridge the gap between traditional banking services and the unbanked populations in Asia.