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Cambodia: MFI’s Bad Loans Remain in a Stable Condition
September, 28 2020
Cambodia - The non-performing loan rate for Cambodia’s microfinance industry remained stable at 2.31 percent for the month of August, after rising from 1.33 percent in January and peaking in May at 2.61 percent, according to an industry report seen by Khmer Times
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EBRD and GCF Boost Climate Financing for Mongolia
September, 24 2020
Mongolia - Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive thanks to a $4 million loan provided by the EBRD and GCF to XacLeasing, one of the country’s largest financial leasing companies, the EBRD said on September 21
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COVID-19 and Fintech: Myanmar's Chance to Expand Financial Inclusion?
September, 23 2020
Myanmar - Myanmar has seen an increase in financial technology (fintech) and digital payment offerings since the outbreak of the coronavirus pandemic, raising hopes for the expansion of financial inclusion in a country where banking penetration remains below the regional average.
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Fund to Cut Emissions in Developing World Cities Launched
September, 23 2020
Global - Implemented by the World Bank and the European Union's lending arm, the European Investment Bank, the City Climate Finance Gap Fund aims to unlock at least 4 billion euros ($4.66 billion) for low-carbon and climate-resilient projects
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Pakistan: Microfinance during Covid
September, 22 2020
India - Overall, the state of the microfinance sector in the early months of the crisis now looks like a mixed bag, between shrinking outreach and growing deposits. But it’s not a terribly bad picture during a global pandemic and local recession
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What Is the Point of Green Bonds?
September, 19 2020
Global - A new study by the Bank for International Settlements, a club of central banks, raises questions about the purpose of green bonds
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EBRD and World Bank Finance Solar Power Project in Kazakhstan
September, 18 2020
Kazakhstan - The loan consists of an EBRD local currency loan of up to $ 28 million, a concessional loan of up to $11.5 million from the Green Climate Fund (GCF) and a concessional loan of up to $3.1 million from the Clean Technology Fund (CTF)
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How Big Is the SDG Backslide? Gates Foundation Presents New Data
September, 15 2020
Global - The fourth annual Goalkeepers report, which launched on Monday ahead of the United Nations General Assembly, draws on new data to provide what the Gates Foundation describes in a press release as “the most current global dataset for how the pandemic is affecting progress toward the Global Goals.
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EIB Lending 50 Mln Euro to Back Recovery of Montenegrin SMEs
September, 15 2020
Montenegro - The European Investment Bank (EIB) has agreed to provide a 50 million euro loan ($59.4 million) to Montenegrin small and medium-sized enterprises (SMEs) and mid-caps in tourism and other sectors severely affected by COVID-19, it said
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EBRD Lending $54 Million to Turkey's Isbank
September, 08 2020
Turkey - Since 2009, the EBRD has invested 12.4 billion euro through 311 projects in various sectors of Turkey's economy. The EBRD’s 7 billion euro portfolio in Turkey is the largest among the 38 economies where it invests
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India: Micro-Credit Lenders in the Process of Developing Credit Assessment Tool
September, 03 2020
India - Lenders in the micro-credit space are developing a credit assessment tool which will support them to go beyond multiple/over lending limits and more systematically evaluate the low-income customer vis-a-vis cashflows, leverage and repayment history, including use of comprehensive credit information report (CCIR)
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FirstRand Secures $225m to Finance Green Projects in South Africa
September, 03 2020
South Africa - International Finance Corporation (IFC) has announced a loan to FirstRand Bank to enable increased financial and advisory support to energy-efficient and water-smart projects in South Africa, helping the country meet decarbonisation goals and other environmental targets
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SSA: $25m Investment Expands Horizon for Clean-Energy Firm
September, 03 2020
Sub-Saharan Africa - Independent private equity fund manager Metier has announced a $25-million investment into clean-energy company Broadreach Energy, which specialises in deploying renewable-energy and energy efficiency projects in the commercial and industrial (C&I) sectors of various African countries
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Pakistan: Changing Repayment Behaviour of Small Borrowers
September, 01 2020
Pakistan - The gathering storm over the country’s microfinance industry that serves about 7.3 million poor households and micro-enterprises with a gross loan portfolio of over Rs300 billion appears to be dissipating slowly
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