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Backing Grows for New IMF COVID and Climate Fund
IMF chief Kristalina Georgieva this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by COVID or climate change.
- Categories
- Coronavirus, Environment
- Region
- Global
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Press Release: Lack of Digital Infrastructure Risks Leaving Millions of Rural Families in Poverty – IFAD Makes Urgent Call on International Day of Family Remittances
Despite a massive increase in migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members struggle to access mobile banking services which could help lift them out of poverty.
- Categories
- Agriculture, Finance
- Region
- Global
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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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Press Release: The Mandela Rhodes Foundation Launches $80K Äänit Prize for Social Impact in Africa
The Äänit Prize will award up to $80 000 per year to projects and organisations that can deliver positive social impact in Africa.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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IFC International Finance Invests in COMASA to Improve Resilience of the Agricultural Sector in Nicaragua
IFC has partnered with Comercializadora de Mani, SA (COMASA), to help preserve the competitiveness of the Central American country and protect thousands of jobs within the industry.
- Categories
- Agriculture, Investing
- Region
- Latin America
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Southern Africa Taps $380 Million in World Bank Financing to Facilitate Regional Trade and Investment for More Inclusive Growth
The new Southern Africa Trade and Connectivity Project (SATCP) will benefit both countries and local communities through investments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Launching India’s Microinsurance Revolution: How the Sector Can Build Upon Growing Customer Awareness Due to COVID-19
Since the start of COVID-19, customers in low- and middle-income countries like India have had an increased understanding of the value of insurance. But as Moin Qazi explains, typical insurance schemes are often unsuited for the unique needs of this population. He explores how microinsurance can better address these needs, and how providers and policymakers can capitalize on low-income customers' growing awareness of insurance's benefits – while navigating the business challenges of serving these communities.
- Categories
- Coronavirus, Health Care
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‘The First Wealth is Health’: Exploring the European Microfinance Award 2021’s Focus on Inclusive Finance and Health Care
For the global poor, health is often the dividing line between the path to prosperity or a slide into destitution. Daniel Rozas and Sam Mendelson of e-MFP explain how precarious incomes and the absence of high-quality universal health care can push low-income households into a deeper cycle of poverty. As a response to the issue, the European Microfinance Award is seeking to highlight initiatives that facilitate access to quality and affordable health care with this year's €100,000 award, which focuses on the topic of "Inclusive Finance and Health Care."
- Categories
- Finance, Health Care
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