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Kenya Eyes $244 Million Budget Support From IMF
The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face of Covid-19.
- Categories
- Agriculture, Coronavirus, Investing
- Region
- Sub-Saharan Africa
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India’s Blanket Approach to Financial Inclusion Is Leaving Women Behind: Here Are Four Ways to Close the Gender Gap
India's Pradhan Mantri Jan Dhan Yojana program has been a game-changer for financial inclusion in the country. But according to Akhand Jyoti Tiwari, Sonal Jaitly and Saloni Tandon at MSC, the campaign faces considerable challenges, as evidenced by India's substantial gender gap in account ownership and usage. They argue that the program's blanket approach has contributed to these gaps, by overlooking women’s unique needs while targeting the population at large. They explore four things the country can do to better enhance the financial inclusion of women.
- Categories
- Finance, Impact Assessment, Technology
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Building a Transformative Gender Approach into Graduation Programs: Lessons Learned from a Three-Year Initiative in Latin America
Latin America is home to 86 million people living in extreme poverty – and women in the region are particularly impacted. Graduation programs have shown their effectiveness at addressing the multi-dimensional challenges of poverty, but Laura Morínigo and Carolina de Miranda at Fundación Capital argue that these programs must do more to address gender inequalities. They discuss the results of an initiative that integrated a transformative gender approach into poverty graduation, and explore how this approach can amplify these programs' impact on women.
- Categories
- Finance, Technology
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Payu Doubles Down on Latin American Fintech, Acquires Ding and Leads $46 Million Investment in ‘Superapp’ Treinta in Colombia
PayU, the fintech business controlled by Prosus with operations in 50+ countries announced a double-deal today to expand its presence in Latin America.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: Fintech Kinara Capital Secures USD $50 Million in Equity, Led by Nuveen
Fresh Equity Round comes from Nuveen’s Global Impact Fund and Triple Jump’s ASN Microkredietfonds
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- financial inclusion, fintech, MSMEs
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African Development Bank Earmarks €10 Million Equity Investment to Drive Africa Tech Startups
The investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures across sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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World Bank Lowers Growth Outlook, Eyes $170 Billion Emergency Funding
Problems pushed the World Bank to target a new emergency financing window of $170 billion for the world’s lowest-income nations.
- Categories
- Coronavirus, Finance
- Region
- Global
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Protecting Clients in a Crisis: Five Lessons BRAC Learned While Re-Engineering its Microlending Strategy During COVID-19
COVID-19 has had a harsh impact on small businesses and the people who depend on them – and this impact has also affected their lending institutions. As Sahed Shams Azad at BRAC Microfinance explains, pandemic-related business closures have prevented many borrowers from making repayments, disrupting their lives – and BRAC Microfinance's nearly billion-dollar monthly lending cycle. He explores the dramatic adjustments the organization has made to its operations in response to this crisis, and how it has protected its clients' best interests throughout the process.
- Categories
- Coronavirus, Finance
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