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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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COVID-19 Has Resulted in Largest Global Economic Contraction in 80 Years, Say World Bank and IMF
The World Bank and the International Monetary Fund said the global economic contraction caused by the ongoing coronavirus pandemic is the largest in the last eight decades, raising the world poverty rate, exacerbating inequalities and damaging long-term economic growth prospects.
- Categories
- Coronavirus, Investing
- Region
- Asia Pacific
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Analysis: How Indian Companies Are Using Technology To Reach New Consumers
The majority of Indians don’t have access to indoor plumbing or electricity; many rural citizens, in particular, don’t have access to high-quality health care and school — but digital technologies have the potential to address many of those challenges.
- Categories
- Technology
- Region
- Asia Pacific
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GoDaddy Partners With EduSkills To Help Boost Digital Skills Development in India
GoDaddy, the company empowering everyday entrepreneurs, today announced a partnership with EduSkills, a non-profit social enterprise designed to help boost entrepreneurship and digital skills development in India.
- Categories
- Education
- Region
- Asia Pacific
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Microlenders in India See Light at End of Tunnel; Collection Rates Inch Back To Pre-COVID Levels
Collection rates are picking up, so are disbursements of small loans. Rural entrepreneurs, who suffered most due to COVID, are tweaking their small business strategies to adjust to the new normal.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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The Nepal Banking Sector Deposits Rs 280 Million (USD 3.8 Million) in COVID-19 Fund After Central Bank Directive
As per revised unified directives, banks and financial institutions can also contribute the fund to protect and treat their employees.
- Categories
- Coronavirus, Finance, Investing
- Region
- Asia Pacific
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Viewpoint: Can Economics Trump Politics To Usher in Agricultural Reforms in India?
Indian agriculture has a fundamental problem: around 50 per cent of India’s work force in the agriculture sector contribute only 17 per cent to India’s GDP. This low productivity is the root cause of the low income and economic hardships of farmers.
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
- Tags
- governance, public policy
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Samunnati Raises $20 Million Direct Debt From U.S. International Development Finance Corporation
U.S. International Development Finance Corporation (DFC) has committed a $20mn direct loan to Samunnati Financial Intermediation & Services Pvt. Ltd., a non-banking financial company (NBFC) in India to help the company expand financing and technical assistance to low-income farmers and enterprises throughout the agricultural value chain in India.
- Categories
- Agriculture, Finance, Investing
- Region
- Asia Pacific