INCHEON - The Asian Development Bank (ADB) is urged to capitalize more on digital acceleration in the post-pandemic era on its mission to reduce poverty and bolster growth in Asia, international experts on finance, technology and sustainable development said Wednesday. The experts advised the ADB to work closer with the private sector, to help improve productivity in the region s developing countries, and to ensure that software, devices and other up-to-date financial technologies are not misused to exploit financially vulnerable people.
Microlender Center for Agriculture and Rural Development Inc. has secured a $4 million loan from the Asian Development Bank to augment its capacity to lend to low-income borrowers, particularly women.
The Asian Development Bank (ADB) has disbursed a $4 million loan to the Center for Agriculture and Rural Development (CARD), Inc. (A Microfinance NGO), to expand lending to low-income borrowers, especially women, in the Philippines.
Women and businesses owned by women do not have the same access to finance as their male counterparts. That has created a huge gender financing gap, which some companies have tried to bridge in emerging economies.
ADB recently launched the Women’s Finance Exchange to promote awareness about how women can improve their finances and livelihoods. Here's how it can help to ensure nobody is left behind as countries recover.