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.

The foundation has announced its disbursal of local-currency loans to Togo-based Assilassimé Solidarite in an amount approximately equivalent to $2.5 million and Agora Microfinance Zambia in an amount approximately equivalent to $1.2 million.

The loan is extended within the Western Balkans SME Competitiveness Support Program with the support by the EU, which is providing incentive payments and technical assistance.

The National Fund for Inclusive Finance is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis.