e-MFP Endorses Investor MOU on Coordinated COVID-19 Response
April, 30 2020
Global - The MOU - which provides for four tiers of intervention depending on the underlying health of the investee institution - represents a crucial convergence and alignment among key players that together represent 90% of total impact investment in financial inclusion ...
India: SIDBI Extends Loan Repayment Term to 1-Year for NBFCs, MFIs
April, 29 2020
India - Small Industries Development Bank of India (SIDBI) has extended the repayment period of loans to non-banking finance companies (NBFCs) and Microfinance Institutions (MFIs), announced under Reserve Bank of India's (RBI) special liquidity scheme, to one year from the 90-day period earlier ...
Why China’s Smaller Businesses Are Struggling to Access Credit
April, 28 2020
China - In the past, risk-averse banks would fund the microfinance lenders instead and they, in turn, would lend money to SMEs, taking on the risk of default. But a combination of policies, from denying official licences to almost all such lenders to a regulation known as Document 141, has put a stop to this ...
Zimbabwe: RBZ Rescues Financial Institutions
April, 23 2020
Zimbabwe - The Reserve Bank of Zimbabwe (RBZ) has come up with measures to minimise the adverse impact of the COVID-19 pandemic on banks and microfinance institutions (MFIs) through credit relief, loan restructuring and microfinance institutions licensing ...
India: Priority Sector Relief for Banks under TLTRO 2.0
April, 21 2020
India - The Reserve Bank of India (RBI) on Tuesday provided priority sector relief to banks investing in papers issued by small and medium-sized non-banking financial companies (NBFCs) and microfinance institutions (MFIs) under the revised targeted long-term repo operations (TLTRO) 2.0 ...
IRENA Publishes Global Renewables Outlook
April, 20 2020
Global - The International Renewable Energy Agency’s (IRENA) first Global Renewables Outlook has found that advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050 ...
G. Bull, CEO, CGAP: The Best Laid Plans...CGAP's Response to COVID-19
April, 16 2020
Global - We have decided to focus our attention on four main initiatives, all anchored in CGAP’s role as a convener and knowledge resource for the financial inclusion community, its position inside the World Bank, its strong relationships with a large and active community of donors and implementation partners, and its sharp focus on ensuring the poor and the institutions that serve them are not overlooked in the face of a deep and potentially protracted crisis ...
G20 Countries Agree Debt Freeze for World's Poorest Countries
April, 15 2020
Global - Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world’s poorest countries through the end of the year, a move quickly matched by a group of hundreds of private creditors ...
Does Impact Investing Always Come at a Price?
April, 14 2020
Global - This first article in a four-part series examines how the definition of impact investment has evolved, how assessing impact-based returns differs from traditional risk-return models and how investment theory doesn't always reconcile with reality ...
Central Bank of Nigeria (CBN): No Processing Fee for COVID-19 Loan Applications
April, 14 2020
Nigeria - The scheme, which is to be financed out of the CBN’s N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF), earmarked a maximum facility of up to N25 million for MSMEs while households can access up to N3 million based on the activity, cash flow, and industry/segment size of a beneficiary ...
Cambodia: Low Interest Loans Applauded
April, 10 2020
Cambodia - Commercial banks and microfinance institutions have applauded the government’s initiative to disburse special low-interest loans to specialised banks in a bid to shore up the embattled economy ...
EIB to Provide 700mln Euro Financing to Western Balkans
April, 10 2020
Balkans - The bank will focus its support on the healthcare sector, but it also aims to back small and medium-sized enterprises (SMEs) and strengthen commercial banks, while providing advisory services in the realisation of investments ...
Mobilizing Development Banks to Fight COVID-19
April, 08 2020
Global - Both developed and developing countries urgently need large-scale funding to help maintain economic activity and jobs during the current pandemic. Fortunately, more than 400 development banks around the world can play a vital role in minimizing economic decline, supporting recovery, and financing structural transformation ...
Cambodia: SME Bank Officially Launched
April, 05 2020
Cambodia - Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday ...
ESG Funds Continue to Outperform Wider Market
April, 03 2020
Global - The MSCI World stock index fell by 14.5 per cent in March, but 62 per cent of global environmental, social and governance-focused large-cap equity funds outperformed the global tracker, according to data from Morningstar ...
Taiwan's Aid Agency Promotes Financial Inclusion in Palau
April, 03 2020
Palau - The program, which took effect after the signing of an agreement on March 30, is aimed at promoting inclusive and sustainable growth in the Pacific island nation, ICDF's public relations officer Alex Chang told CNA on Friday ...
Non-Profit Network Toniic Launches Impact Investing Platform
April, 02 2020
Global - Toniic, a nonprofit global network of active impact investors, has launched Toniic Tracer, a platform that enables investors and issuers (funds and enterprises) to share and compare information about impact investments, including goals, performance and outcomes ...