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.
Advancing the Modernization and Integration of Payment Systems in the Western Balkans
With support from the World Bank, the Western Balkan economies are making significant progress in aligning their national payment systems with EU standards as part of their accession goals.
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.
EBRD Lends EUR 3.5 M to N. Macedonia's Procredit Bank for SMEs, Energy Efficiency
The loan is extended within the Western Balkans SME Competitiveness Support Program with the support by the EU, which is providing incentive payments and technical assistance.
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.