EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia
This week IFAD launched the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.
Uzbek Fintech Development Supported Through $20M Line of Finance Agreement
The Line of Finance aims to promote Islamic finance, improve financial inclusion, and support private sector development in Uzbekistan.
Symbiotics Launches $10 million Social Bond With Hamkorbank From Uzbekistan
The proceeds of this Social Bond are to be allocated towards both micro loans up to $10,000 to microenterprises and SME loans up to $1 million to small and medium enterprises.
Iran Central Bank to Launch Contactless Payment Using Mobile Phones
The bank would soon unveil payment systems that solely use mobile phones and eliminate the need to use cards for day-to-day purchases in shops
IFC, DAVR-BANK Boost Lending to MSMEs and Women-Owned Businesses in Uzbekistan
IFC's $5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.