The senior director and deputy chief ratings officer at Crisil said the sector's collection efficiency has stalled at 90 to 94 percent over the past few months, compared with the pre-pandemic level of 98 to 99 percent.

Capital from the Kiva Refugee Investment Fund will be invested in partnership with microfinance partners across the Middle East, Africa, and Latin America.

The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.

COVID-19 has dramatically increased reliance on real-time and digital payments, leading to a 41 percent surge in real-time payment transactions from 2019 to 2020.

This latest move by Mastercard will help 90 plus MFIs and 300,000 small businesses across Europe and Central Asia sail through the COVID-led financial turmoil.

After two years of research including the latest developments brought by the Covid-19 pandemic, a financial health manual is now available.

The primary topic for this year's event is particularly essential today, as the world grapples with a worldwide health and environmental crisis and its impact on vulnerable communities around the world.

The mission of the collaboration lies in the improvement of financial services in the Central American and Caribbean regions.

The program aims to increase income, improve livelihoods in rural areas and achieve financial inclusion for female breadwinners.

The awards support innovative COVID-19 response and recovery efforts related to savings groups, in the areas of women’s livelihoods, voice and leadership, violence against women, digital savings groups and more.