The Asian Development Bank has approved a $300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand access to financial services.

This investment solution aims to provide long-term financing to innovative agribusinesses with the goal of mitigating climate change, reducing food loss and promoting climate change resilience in their value chains.

Cambodia's AMK Microfinance Institution Plc raises a $7.5 million green loan to broaden its green initiatives by introducing renewable energy sources, implementing energy efficiency projects, and developing eco-friendly and circular economy products.

The loan aims to strengthen the financial sector’s stability, integrity, and resilience; expand financial inclusion especially for MSMEs; and help climate and disaster risk finance.

Through this new facility the fintech lender will be able to channel the funds via its range of tailored financing solutions across SME segments across all its five markets.

Investment will increase access to credit for retail and small and medium enterprises (SMEs) with specific focus on women entrepreneurs.

Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.

The loan will support the development of financial technology and inclusion in Indonesia and will will provide budget support for Indonesia’s reform agenda in three key policy areas.