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Introducing a New Fund to Help Women Entrepreneurs During COVID-19

While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.

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Africa’s Mobile Money Industry Keeps Growing Despite COVID-19

Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.

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IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19

The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.

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Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic

Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.

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Regulatory Innovation Advances in the Face of COVID-19

While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.

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Remittances From Moroccan Diaspora Reached $7 Billion in November 2020

Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.

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World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances

The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.

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IFAD to Support Rebuilding Bangladesh's Microenterprises

The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.

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Grameen America Raises $17.5 Million for Second Microfinance Fund

The nonprofit’s new $17.5 million impact fund will specifically focus on supporting underserved women business owners impacted by COVID. 

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EFSE Loans EUR 3.5M to Patria Credit in Local Currency to Support Rural Entrepreneurs and Farmers in Romania

Through the investment, the partners aim to boost the supply of local currency loans for Romania’s farmers and rural entrepreneurs, providing much-needed resources for this important sector to combat the economic effects of the global pandemic.