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Press Release: G7 Development Finance Institutions and Multilateral Partners to Invest over $80 Billion into African Businesses over the Next Five Years
The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the EIB today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa.
- Categories
- Coronavirus, Finance, Investing
- Region
- Sub-Saharan Africa
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Analysis: Coronavirus G7: Could One Billion More Vaccines for Poorer Countries Make a Difference?
The G7 group of leading industrial nations have pledged to donate one billion coronavirus vaccine doses to poorer countries.
- Categories
- Coronavirus, Health Care
- Region
- Global
- Tags
- governance, vaccines
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The Resilience of Indian Microfinance: Why the Sector Has Successfully Navigated the COVID-19 Pandemic
When a crisis hits a financial system or economy at large, the microfinance sector is usually among the worst impacted, since it caters to the most economically vulnerable segments of the population. As Sudip Bandyopadhyay at Inditrade explains, that's what happened to Indian microfinance when COVID-19 struck — yet the sector has shown remarkable resilience in weathering the pandemic. He explores some effective measures Indian microfinance institutions and policymakers have taken to address these historic challenges.
- Categories
- Coronavirus, Finance
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Analysis: Can Agricultural Insurance Help Guarantee Post-Pandemic Food Security?
In a world in which radical climatic events are increasingly affecting farm production, agricultural insurance is coming to be seen as a key solution for producers to bolster economic and food security.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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COVID-19 Crisis Makes Electricity Too Costly for Millions in Africa and Asia
The pandemic's economic impact left at least 25 million people unable to pay for power in 2020, mainly in Africa, threatening progress towards access for all.
- Categories
- Coronavirus, Energy
- Region
- Global
- Tags
- energy access, SDGs
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Mastercard Foundation to Deploy $1.3 Billion for 50 Million Vaccines in Africa and to Boost Africa’s CDC
Unlike the populations of many western nations, only about 2% of Africans have received one dose of a COVID-19 vaccine.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
- Tags
- vaccines
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Supporting Microfinance During the Pandemic: Lessons From a COVID-19 Response Program
The COVID-19 crisis has had serious impacts on the microfinance industry and the micro and small enterprises it typically serves, leading to a decrease in both the quality and volume of microfinance institution (MFI) portfolios. Mathilde Bauwin of ADA explains how the organization designed and implemented a response program to help its partner MFIs overcome the pandemic's challenges. She shares lessons learned during the process, which could be useful in helping MFIs navigate future crises.
- Categories
- Coronavirus, Finance
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Press Release: DFC, IFC, Proparco, and DEG to Support COVID-19 Vaccine and Pharma Manufacturing in Africa
To strengthen Africa’s vaccine and pharmaceutical development and to accelerate the continent’s recovery from the COVID-19 pandemic, the International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the U.S. International Development Finance Corporation (DFC) today announced a partnership to support vaccine manufacturing in Africa.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
- Tags
- manufacturing, vaccines