DEVELOPMENT FINANCE INSTITUTIONS SCALE UP COOPERATION IN RESPONSE TO COVID-19

Philippe Le Houérou, CEO, IFC
09 Jun 2020

Today, we are facing a health and economic crisis unprecedented in its size and complexity – affecting both supply and demand, developed and developing countries – and disrupting markets, trade, investment-led growth and job creation. The IMF anticipates a global economic contraction of 3% while the World Bank foresees a 35% decrease in FDI flows to developing countries due to the impact of COVID-19. Our group of more than 25 […]

IFC, PROPARCO JOIN EFFORTS TO MAXIMIZE DEVELOPMENT IMPACT AND ACCELERATE COVID-19 RECOVERY

Nadya Nikiforova and Romain Esperon
09 Jun 2020

IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, have agreed to collaborate more closely to create markets, mobilize private sector investment, and support economic recovery in developing countries in the wake of the COVID-19 global crisis. Seeking to address the need for increased collective action among development finance institutions, the Joint Collaboration Framework Agreement (JCFA) […]

GOING DIGITAL FOR LOAN DISBURSEMENTS AND REPAYMENTS: A SMART MOVE IN THE TIME OF COVID-19

Marina Dimova and Diana Boncheva Gooley
02 Jun 2020

The Covid-19 global pandemic has heightened the strategic importance of integrating digital channels into how financial services providers engage with customers. How can financial services providers respond to the challenge and find opportunities to remain relevant to low-income women, as they navigate the economic consequences of Covid-19? Digital financial services are the new normal, and for good reason. Financial services providers, governments, and civil society see the benefits of digital […]

PRESS RELEASE: AN INTERNATIONAL COALITION TO PROTECT MICROFINANCE INSTITUTIONS AND THEIR CLIENTS IN THE COVID-19 CRISIS

13 May 2020

May 2020–At the initiative of Grameen Crédit Agricole Foundation, a group of microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19.Grameen Crédit Agricole Foundation, ADA, Alterfin, Cerise, CIDR Pamiga, Cordaid Investment Management, Crédit Agricole CIB India, CA Indosuez Wealth (Asset Management), Crédit Agricole S.A., European Microfinance Network, FS Impact […]

IN A NO-TOUCH WORLD, TECH CAN’T LEAVE LOW-INCOME PEOPLE BEHIND

Amee Parbhoo
11 May 2020

  Inclusive fintech has always had to find a balance between tech and human touch, but the global pandemic is shifting that balance Tech alone hasn’t been a silver bullet for bringing useful financial tools to low-income people and businesses around the world. That’s why Accion Venture Lab released our 2018 report on the “Tech Touch Balance,” which lays out the continued need for a human touch in delivering financial services to […]

GOODWELL INVESTMENTS AND ASSESSING COVID-19 IMPACT

08 May 2020

Around the world we are confronted with a universal pandemic that does not discriminate. An unusual picture of global equality is emerging, engendered by the coronavirus’ brutal treatment of all humans no matter who they are. However, while countries across the globe implement similar measures to fight the virus, we must acknowledge the inequality between nations’ resources and abilities to overcome the impact of a pandemic. Social distancing is a […]

ADDRESSING THE FINANCIAL NEEDS OF WOMEN: ENSURING DATA PROTECTION IN THE USE OF GENDER DISAGGREGATED DATA

Juliet Maina, Advocacy and Regulatory Manager
08 May 2020

The theme of the 2019 AFI Global Policy Forum was Using technology for inclusion of women and youth. The forum, hosted by the National Bank of Rwanda and Alliance for Financial Inclusion (AFI), organised a break-out session on Addressing the financial needs of women in the age of innovation: the role of customer-centric data, which convened senior representatives from central banks, the private sector, and international development organisations who are working […]

JUMO WINS UNCDF’S SPRINT4WOMEN DESIGN COMPETITION IN ZAMBIA

Mali Kambandu
08 May 2020

UN Capital Development Fund (UNCDF) is pleased to announce that JUMO has won their Sprint4Women Design Competition for women’s financial inclusion in Zambia. JUMO was one of three finalists competing for a grant to roll-out digital financial services (DFS) solutions for the rural women of Zambia, alongside Fenix Zambia and Hobbiton Investments. As one of the first providers of non-collateral-based, digital lending products that can make funds available in minutes, […]

GOODWELL INVESTMENTS SELECTED FOR IMPACTASSETS 50

08 May 2020

Goodwell Investments today announced its inclusion in the ImpactAssets 50 for the third consecutive year. An annual showcase of impact investment fund managers, ImpactAssests 50 (IA 50), has released its 2020 list of top 50 fund managers delivering financial returns through social and environmental impact. Now in its ninth year, IA50 is the first publicly available database of outstanding private debt and equity impact investment fund managers from across the […]

CDC, IFC, RESPONSABILITY, OTHER INVESTORS LAUNCH COVID-19 ENERGY ACCESS RELIEF FUND

08 May 2020

The COVID-19 pandemic threatens to reverse the enormous progress off-grid energy companies have made to bring power to 470 million people in the last decade. The new global economic crisis will make it more difficult for existing customers to pay for their energy services. At the same time, slowed supply chains and reduced investment flows are causing energy companies to run out of cash. Facing dwindling liquidity, these energy companies will […]