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Press Release: Financial Uncertainty in America: 2021 Financial Health Pulse Shows Government Aid Improved Financial Health but Gains at Risk as Relief Programs Subside and Pandemic Lingers
Two-thirds of Americans are still financially unhealthy with particular challenges facing women, LGBTQ+ communities, and people with disabilities; inequities remain by race and gender
- Categories
- Finance
- Region
- Global
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Mexico’s Kavak Drives Away With $700 Million in New Funding, Doubling Its Valuation to $8.7 Billion
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced it has raised a massive Series E round that more than doubles the company’s valuation.
- Categories
- Finance, Technology, Transportation
- Region
- Latin America
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Press Release: UNCDF Releases Cutting-Edge Research on Financial Health
The United Nations Capital Development Fund (UNCDF) in partnership with i3 Program, supported by MetLife Foundation, released its flagship publication, “Delivering Financial Health Globally”.
- Categories
- Finance
- Region
- Global
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Togo: Microfinance Institutions Slow Down on Lending as Overdue Loans Spike Amid COVID-19 Pandemic
Amid the Covid-19 pandemic, microfinance institutions active in Togo considerably lowered loans to the public in the nine first months of 2020.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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The Development Bank of Rwanda Spearheads Economic Inclusion Among Refugees
The Development Bank of Rwanda (BRD) has secured $9 million (over Rwf8.5 billion) from the World Bank to finance entrepreneurial projects initiated by refugees in Rwanda.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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WorldRemit Lowers Transaction Cost for Remittances to Africa
The new lowered prices, allows customers to send more to family and friends via the mobile app or website to the various African corridors, where Kenya remains a key destination for remittances.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Pandemic Draws More Latin American Poor Into Banking System
Sonia Fierro has lived her entire adult life selling children’s books on the streets of Colombia’s capital, earning wages that barely cover her living expenses, let alone the monthly fees that come with a bank account.
- Categories
- Coronavirus, Finance
- Region
- Latin America
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Will China Help Ease the COVID-19 Debt Burden on Emerging Markets?
Debt management has become a key challenge for many emerging markets as the coronavirus pandemic continues, with major creditors debating the suspension and perhaps even reduction of debt.
- Categories
- Coronavirus, Finance, Impact Assessment