IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs
IFC announced an investment for the National Bank of Iraq to support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions.
EFSE and BasisBank to Provide Crucial Financing to Georgia’s Small Businesses
EUR 4.2 million to help sustain micro and small enterprises during difficult environment of COVID-19 crisis.
GGF and TBC Leasing Expand Access to Local Currency Finance for Energy Efficiency Measures in Georgia
The Green for Growth Fund has provided TBC Leasing with a loan of $5 million equivalent in Georgian lari to bolster energy efficiency measures among small and medium enterprises.
In-App Transactions Increase Three-Fold as Qi Card Keeps Economy Moving During Pandemic
Qi Card mobile money offering provides Iraqis with digital means for safe and secure financial transactions.
EIB Lends $12M to Credo Bank for Microfinance in Rural Georgia to Offset Effects of COVID-19 on Food Production
Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.
Mastercard Partners with Central Bank of Iraq to Advance Digital Payments
The aim of the partnership is to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the growth of a cashless society.
Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M
The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country.