All News and Announcements
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.
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.
ADB Lends $15M to KMF to Boost Financial Inclusion for MSMEs, Post-COVID Growth in Kazakhstan
The loan is intended to boost its services to micro-, small, and medium-sized enterprises – especially in rural areas – to “improve financial inclusion and contribute to Kazakhstan’s recovery from the COVID-19 pandemic.”
ADB and KMF Sign $15M Loan to Expand Access to Credit for MSMEs in Kazakhstan
This loan is ADB's first intervention in Kazakhstan's financial sector in several years. It will support KMF's efforts to improve financial inclusion and contribute to Kazakhstan's recovery from the COVID-19 pandemic.
Aden Bank for Microfinance Is to Launch Its Operations and Contribute to Achieving Financial Inclusion
The bank will work in partnership with local banks and financial institutions using best practices in microfinance for provision of Islamic banking services, and will apply an integrated system of financial and non-financial services to support value and supply chains for MSMEs.
IFC and KMF to Help Micro and Small Entrepreneurs in Kazakhstan Weather the Impact of COVID-19
Micro and small enterprises (MSEs) in Kazakhstan stand to benefit from a new investment which aims to help businesses recover from the economic shock of the COVID-19 pandemic, resume operations, and adapt to the post-crisis environment.
Launching the Pilot Phase of Eamar Microfinance as the First Digital Microfinance Platform in Yemen
The initiative aims to help clients and communities by providing blended financial and non-financial digital services including advisory services, training and more to assure ease of access to e-money and transfers for its customers.
YCASH Enrolls in New Partnerships with Humanitarian Agencies and Deploys Humanitarian Transfers Platform and a National Digital Wallet
The Humanitarian Transfers Platform enables humanitarian agencies to execute transfers directly to their interventions beneficiaries without a third party.
YCASH Door to Door Payment Method as a Response for COVID-19 and Humanitarian Context in Yemen
The National Cash Transfer Company piloted the Door to Door Payment method as a response to the new challenging context and a preventive measure for coronavirus-related risks.
Remittances Dropped by 80 Percent in Yemen
Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.