CFI will transfer the wealth of implementation resources created by the Smart Campaign to trusted industry partners, enabling CFI to continue playing a catalytic role focused on the risks to low-income customers in the rapidly changing inclusive finance landscape.

The facility has been provided under IFC’s Small Loan Guarantee Program (SLGP), a programmatic approach to risk-sharing that aims to strengthen the capacity of financial institutions to finance SMEs in low-income countries.

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.

Investment of $15 million bolsters funding base for important economic pillars.

Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.

A global drop in remittances by migrant workers due to the coronavirus-induced recession will raise credit risk in countries most dependent on such inflows.

The accelerated adoption of digital has changed the way members will utilize credit unions and evaluate credit union services.

Global Fintech Festival brought together representatives of banking, financial technology and investment industries from across the globe to host impactful dialogues, public discussions and a curated exhibition of the latest disruptive technologies.

Experts have called for the restructuring of loan facilities in Nigeria, to alleviate the adverse effects of some government policies on women.