All News and Announcements
ILO and KfW Join Forces to Empower Iraqi Small and Medium Enterprises and Foster Inclusive Growth
A new joint program will work to unlock access to sustainable finance, especially for young and women entrepreneurs.
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.
Mi-Bospo of Bosnia and Herzegovina Borrowing $2.2M From Grameen Credit Agricole Foundation for Microfinance Lending
Mi-Bospo operates mainly in rural areas and offers access to credit and non-financial services to individuals, particularly women entrepreneurs.
GGF and MF Banka Boost Green Finance in Bosnia and Herzegovina
A senior loan of EUR 5 million will be on-lent by the bank to businesses that want to implement energy efficiency and resource efficiency measures, as well as small scale renewable energy projects.
IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs
IFC announced an investment for the National Bank of Iraq to support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions.
Mastercard Partners with Central Bank of Iraq to Advance Digital Payments
The aim of the partnership is to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the growth of a cashless society.
In-App Transactions Increase Three-Fold as Qi Card Keeps Economy Moving During Pandemic
Qi Card mobile money offering provides Iraqis with digital means for safe and secure financial transactions.