Publisher: Microfinance Opportunities
Publisher: Consultative Group on International Agricultural Research (CGIAR)
Mongolia: IFC and Financial Regulatory Commission Join Hands to Develop Green Finance and Improve Access to Funding for Small & Medium Enterprises
The initiative aims to develop green financing, as well as improving access to financial products and services for the country’s micro, small and medium enterprises.
Sri Lanka-based fintech Genie has partnered with Bank of Ceylon to act as the financial acquirer and digitize payments through its mobile wallet solution.
The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.
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.
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.