Brazil Plans IPO of State-Owned Digital Bank
October, 30 2020
Brazil - After including millions of people in the financial system after the Covid-19 crisis through a mobile app, the Brazilian government is now considering the IPO of its own digital bank ...
EBRD to Help Finance Wind Farm in Kazakhstan, Reduce CO2 Emissions
October, 28 2020
Kazakhstan - The European Bank for Reconstruction and Development (EBRD) said on October 26 the bank and its partners are supporting the construction of a 100 MW wind farm near the town of Zhanatas in the south of Kazakhstan in an effort to promote the republic’s further transition from coal-fired power plants to renewable-energy power generation ...
The Quest for Financial Inclusion in Sri Lanka
October, 25 2020
Sri Lanka - Financial Inclusion is essential for continuous and sustainable economic development, according to the IFC (International Finance Corporation). This is no exception for Sri Lanka despite showing strong numbers in bank penetration ...
Asia: Poor Access to Financing Hampers MSME Growth
October, 23 2020
Asia - The ADB said the share of MSME loans to banks’ total lending portfolio fell to 6.1% (P588.8 billion) last year from 11.7% in 2010 as more lenders did not comply with the mandatory credit allocation to the sector, preferring to just pay the penalty rather than take on the risks associated with lending to these firms ...
Montenegro: CBCG Announces New Bundle of Measures to Aid Vulnerable Groups
October, 23 2020
Montenegro - The Council of the Central Bank of Montenegro adopted the Decision Amending the Decision on interim measures to reduce the adverse effects of the new Coronavirus outbreak on the financial system following the mitigating measures to protect population against communicable diseases ...
ESG Funds to Surge in the Next Five Years
October, 21 2020
Global - Entitled "The growth opportunity of the century", the report from PwC Luxembourg described ESG as representing a "paradigm shift", the largest fundamental change in the investment landscape since the introduction of exchange traded funds ...
How COVID-19 Is Affecting Microfinance
October, 19 2020
Global - Several reports have emerged in recent weeks to suggest that MFIs have been forced to adapt in order to continue supporting their clients as effectively as possible ...
$5m Laos Forestry Investment Offered by Dutch Bank FMO
October, 07 2020
Laos - FMO said its funding of Mekong Timber Plantations (MTP) is an additional investment, following its investment in the company in 2018, and fills a need for long-term capital, the lack of which it said is a barrier to finance for the forestry sector ...
Sri Lanka: ComBank Receives $ 50m Equity from IFC
October, 07 2020
Sri Lanka - 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, the bank said ...
Africa: FMO Invests $5 Million in Mini-Grids Supplier Husk Power Systems
October, 06 2020
Africa - Mini-grid supplier Husk Power Systems has just been awarded $5 million by the Dutch development finance company Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO). The company will use the funds to expand the installation of its clean energy mini-grids in rural areas in Africa and Asia ...
Switzerland: How the Private Sector Finances Development Aid
October, 01 2020
Switzerland - With its new international cooperation strategy 2021–2024, Switzerland aims to involve the private sector more closely in development projects. The proportion of co-financed projects should double from the current 5% by 2024 ...