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Bank of Ghana Report Shows That Banks Withstand COVID-19 Shocks, SDIs Hit Hard

A new report by the Bank of Ghana (BoG) has indicated banks have been able to withstand the COVID-19 pandemic.

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Malaysia: Financing Micro-Enterprises During a Crisis

The P2P operator provides shariah-compliant and conventional financing from RM1,000 to RM50,000 ( about $233.69 to $1168.43) to microenterprises.

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Nampost Gets Concessional Loan of N$235 Million to Microfinance Pensioner Services

Public financial institution, the French Development Agency disbursed a concessional loan of N$235 million loan to finance the growth of NamPost’s microfinance business, specifically targeting NamPost’s microfinance activities aimed at pensioners.

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Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances

Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.

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Khushhali Microfinance Bank Limited Donates PKR 1 Million to PM’S COVID Relief Fund

Khushhali Microfinance Bank has contributed PKR 1 million (about $6,067.04) to the Fund to support the government in the fight against COVID-19.

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Symbiotics Launches First $7.75 Million Green Bond With Pan Asia Banking Corporation

The bond is the first Green Bond issued via Symbiotics’ sponsored bond issuance platform under its Sustainability, Social and Green Bond Framework which was certified in December 2019 by DNV GL.

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UN Chief in ‘Support Migrants’ Plea, as Remittances Drop by 20 Percent

In his message, Mr. Guterres recognized the determination of the 200 million migrants who regularly send money home, and 800 million families, in communities throughout the developing world, who depend on those resources.

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New EFSE Loan to Agroprosperis Bank Supports Ukrainian Farmers With EUR 5 Million

EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.

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India’s Digital Financial Services Opportunity in a Post-COVID World

COVID-19 could be the “demonetization moment” for digital services delivery in India.

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IFC’s $50 Million In Support to Commercial Bank of Ceylon to Boost Finance for Small Businesses in Sri Lanka Amid COVID-19

The funding will be used to expand lending to small and medium-sized enterprises, with over a third dedicated to businesses owned by women.