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.
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.
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.
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.
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 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.