How Countries Can Expand Access to Digital Financial Services
April 22th, 2020 – Digital financial services, powered by fintech, have the potential to lower costs by maximizing economies of scale, to increase the speed, security and transparency of transactions and to allow for more tailored financial services...
How Fintechs Can Build Trust with SMEs in Latin America
March 30th, 2020 – Small businesses in emerging economies are notoriously underfinanced. Despite making up over 99.5% of the economy in Latin America, SMEs face a financing gap in the trillions of dollars. For example, up to 78% of small businesses ...
Coronavirus: Commission and European Investment Fund (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses
April 6th, 2020 – The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will a...
Coronavirus: fund launched to support rural farmers
April 22th, 2020 – With the COVID-19 pandemic and economic slowdown threatening the lives and livelihoods of the world’s most vulnerable people, the UN’s International Fund for Agricultural Development (IFAD) on Monday committed US$40 million, a...
EIB Group establishes EUR 25 billion guarantee fund to deploy new investments in response to COVID-19 crisis
April 16th, 2020 – The EIB Group is set to play a key role in the fight against the economic consequences of the COVID-19 pandemic. Following a recommendation by the Eurogroup on 9 April, the Board of Directors of the European Investment Bank (EIB) ...
Fusionex ups SME ante through Google Cloud digital sync up
April 16th, 2020 – Fusionex has ramped up efforts to help small and medium-sized enterprise (SME) customers overcome challenges related to Covid-19 through enhanced collaboration with Google Cloud. Central to such efforts will be the deployment of b...
Bank allots $10 billion to Africa coronavirus response
April 8th, 2020 – The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility of $10 billion to government and the private sector to assist regional member countries in fighting the pandemic. The facility...
The World Bank Group Moves Quickly to Help Countries Respond to COVID-19
April 2th, 2020 – The World Bank Group is acting quickly to step up support as countries respond to the COVID-19 crisis and face a wide range of consequences, including the risk of global recession. With approval today from its Board, the Bank Group...
Coronavirus: Commission and European Investment Fund (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses
April 6th, 2020 – The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will a...
East Asia and Pacific: Countries Must Act Now to Mitigate Economic Shock of COVID-19
WASHINGTON- March 30th, 2020 – The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospec...
