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Digitalizing the Route of Remittances Will Help Africa’s Recovery

Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.

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Cambodia: Requests for Loan Restructuring Fall

More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.

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Microinsurance Cover Needed for India's Poor to Prevent COVID-19 Economic Debacle

The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses. 

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New IFC Survey Reveals A Third of Workers in Bangladesh’s Micro, Small and Medium Enterprises Now Jobless in Wake of COVID-19 Impacts

A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19.

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Sri Lanka: ComBank Receives $ 50m Equity from IFC

This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.

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IFC Is Ready to Invest up to $2 Billion Pesos in ABL Trust Mexico to Promote SMEs Recovery

This investment is the first of five proposed commitments to ABL Trust Mexico that could reach a total of $2 billion pesos in the next three to five years.

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Women’s World Banking to Host Making Finance Work for Women Virtual Summit

Exploring Covid-19’s impact on women’s economic empowerment and building resilience through equitable and inclusive financial systems.

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IFC Supports Banco Agromercantil, BAM to Expand Financing for SMEs Affected by COVID-19, Helping Economic Recovery in Guatemala

More than 1000 micro, small, and medium enterprises (MSMEs) in Guatemala will have improved access to finance, as a result of a partnership between IFC and Banco Agromercantil.

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Fintech Will Lead the Charge in the Post-COVID-19 Recovery

Fintech companies will remain profitable and offer SME’s better opportunities to grow following the economic downturn, says new report.

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Rapid Innovation: How Fintechs are Adapting Under COVID-19

New survey data co-funded by SCBF shows how inclusive fintechs are adapting to the COVID-19 pandemic.