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...
Standard Bank, SAFT partner to provide relief for S/Africa SMEs
April 2th, 2020 – As part of a drive to provide palliatives for dying small businesses affected by the Covid-19 pandemic, a leading bank in South Africa, Standard Bank, is partnering with the South African Future Trust (SAFT) to disburse loans to se...
