Central banks in Africa are responding to COVID-19 by investing in practical solutions that bring disadvantaged groups into formal financial services, accelerating their ability to recover and build resilience against future crises.
Migrant workers who lost their jobs because of the pandemic’s economic impact are running out of cash to send home, dealing a blow to the fragile economic health of the developing world.
IFC Providing $5 Million to Timor-Leste's Kaebauk Investimentu no Finansas, S.A. to Improve Access to Finance for Farmers, With a Focus on Women
The investment is expected to lead to over 10,000 more people gaining access to finance by 2024, of which over 75 percent will be women.
PT JULO Teknologi Finansial (JULO), an Indonesian based Fintech P2P Lending, initiated several programs to help individuals affected by the pandemic.