-
COVID Has Spurred a Digital Cash Revolution in Developing Countries
Alongside the setbacks, the past year has also seen low- and middle-income countries safeguard much of the progress they’ve made in various development areas.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
-
An Innovative Approach to Income Volatility: How One Company Is Bringing Income Pooling (Back) to the United States
Low-income communities in emerging markets around the world use income pooling groups to recover from financial shocks or save for much-needed expenditures. As Sarmed Rashid at Pando explains, the practice allows group members to manage their income volatility – a challenge also faced by many professionals in the United States. He explores how Pando is seeking to serve these individuals by creating, organizing and managing income pools for Americans working in entrepreneurship and sports, while aiming to expand its focus to include poverty alleviation and economic development.
- Categories
- Finance
-
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
-
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
-
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
-
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
-
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
-
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
Parent Organization
