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Nigeria: CBN Unveils Palliative Measures to Cushion Impact of Coronavirus on Economy

The measures include a moratorium of one year on all principal repayments as well as interest rate reduction on all applicable CBN intervention facilities from nine to five percent per annum for one year effective 1 March, 2020.

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Coronavirus Could Wipe Out $3 Billion From Bangladesh Economy

According to the Asian Development Bank, the financial fallout from the ongoing coronavirus epidemic could potentially shrink Bangladesh's gross domestic product by as much as 1.1 percent or $3.02 billion.

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Remittances in Times of Crisis: Facing the Challenges of COVID-19

Announcing the Remittance Community Task Force to regularly provide information concerning the challenges facing remittance families in the social and economic fallout during the coming months through its Briefs.

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Bank of Ghana Issues Directive to All Financial Institutions to Take Steps to Prevent the Spread of COVID-19

The BoG will continue to assess the possible impact of the pandemic on the domestic economy and is taking the necessary steps to mitigate its impact, to ensure financial and economic stability.

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How Coronavirus Affects the Microfinance Sector

The Grameen Credit Agricole Foundation's partners express their concerns about the expected effects of this global health crisis.

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Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus.

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FINCA Pakistan Response to COVID-19 Pandemic

FINCA Pakistan is one of the first financial institutions to implement a Work From Home (WFH) plan to ensure the safety of its employees and their well-being while re-assessing the Business Continuity Plan (BCP) to ensure its patrons have access to financial services during the pandemic.

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Citi Foundation to Provide $15 Million to Support COVID-19 Related Relief Efforts Globally

Funds donated by the Citi Foundation will provide protective equipment for frontline health workers, equip diagnostic laboratories, improve surveillance and data collection, establish and maintain intensive care units and take other critical steps to scale up the urgent public health response to the pandemic around the world.

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IFC Increases COVID-19 Support to $8 Billion to Sustain Private Sector Companies and Livelihoods in Developing Countries

The bulk of the IFC financing will go to client financial institutions to enable them to continue to offer trade financing, working-capital support and medium-term financing to private companies struggling with disruptions in supply chains.