30 April 2024


Apr 27
Makhtar Diop, IFC: Better Risk Data Should Boost Confidence in Emerging Markets
Reallocating just 1 per cent of assets under management globally to emerging markets each year could have a transformative impact on growth and development in these countries. However, investors need more than just encouraging statistics. They seek regulatory certainty, political risk insurance and foreign exchange risk mitigation.
Source: Financial Times
Apr 25
REC Avails JPY 60.536 Billion Green Loan to Finance Eligible Green Projects in India
In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. The green loan facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme.
Source: Devdiscourse
Apr 25
Germany: Procredit Holding AG Has Successfully Placed EUR 125M Green Tier 2 Bonds
The transaction took place just four weeks after the Management Board of ProCredit Holding published and presented to the capital markets the updated business strategy for the ProCredit group, which envisages ambitious growth in the coming years.
Source: finanzen.net
Apr 25
Blue Marble and USAID Enhance Climate Resilience for Kenyan Coffee Farmers
Supported by a grant from USAID’s Climate Finance for Development Accelerator (CFDA) Adaptation Finance Window, this initiative aligns with the President’s Emergency Plan for Adaptation and Resilience (PREPARE). The Adaptation Finance Window utilises grant funding to mitigate risks associated with private sector-driven climate adaptation methods in emerging and frontier markets.
Source: Reinsurance News
Apr 25
Y. Fawaz, N. Chehade, S. Sbeih and W. Cook, CGAP: Navigating Compound Crises - Microfinance Learnings from Lebanon
At first, the signs of Lebanon’s financial crisis didn’t alarm Al Majmoua. As the largest microfinance institution in the country, and having successfully navigated several past crises, it had contingency plans in place. Yet, the “triple” crisis that started in 2019 was unlike any that had come before. Massive losses were generated across the banking sector, and the microfinance sector nearly collapsed. These crises provided the ultimate stress test, illustrating the diversity of measures that can be taken in the face of crisis.
Source: CGAP
Apr 25
UNHCR and AVPN to Enhance Innovative Financing Solutions for Displaced Communities across Asia and the Pacific
UNHCR, the UN Refugee Agency, and Asia Venture Philanthropy Network (AVPN) announced a new Memorandum of Understanding (MoU) at the AVPN Global Conference 2024 to explore how innovative finance can be used to promote resilience and improve prospects for forcibly displaced communities in Asia and the Pacific.
Source: UNHCR
Apr 24
Philippines: Top Fintech Players Leap Further Towards Financial Inclusion with an Industry-Leading Partnership
Tala, the world's first fintech company for the Global Majority, this week announced its partnership with Maya Bank, the digital bank leader in the Philippines, marking a significant milestone towards bridging the financial gap for millions of Filipinos. This collaboration represents a groundbreaking initiative in the country and the broader Southeast Asian market to channel an unprecedented amount of $48.5 million through independent digital platforms to ensure millions more Filipinos have access to credit.
Source: PR Newswire
Apr 24
British International Investment and Citi Launch $100 Million Risk-Sharing Facility to Support Trade Finance in Frontier and Emerging African Economies
The investment seeks to address the critical lack of foreign currency in the region by providing trade finance liquidity to Citi’s extensive network of commercial banks, enabling financial institutions to increasingly support African businesses with imports of key commodities such as wheat, fertiliser, rice and sugar.
Source: BII
Apr 24
EIB Global’s Water Sector Fund Provides Backing of €10 Million for Water Investment across Africa and Asia
The Water Sector Fund managed by EIB Global will provide €10 million in the Water Access Acceleration Fund (W2AF), managed by Incofin, a prominent global impact investment manager. The €10 million anchor investment by EIB Global will secure other investments, attract more private investors to W2AF. Through the fund, EIB Global will support innovative water businesses.
Source: Incofin
Apr 23
Impact Disclosure Taskforce Releases Guidance to Plug Gap in SDG Financing
The draft guidance aims to assist corporate and sovereign entities in attracting sustainable pools of capital to address the SDG finance gap. The guidance aims to help issuers and investors by establishing credible frameworks for measuring and reporting impact. 
Source: Impact Investor

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