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ADB approves $200m loan to strengthen microfinance in Bangladesh

Due to small-sized operations, lack of collateral, and weak operational capacity and information systems, MFIs find it difficult to secure commercial bank financing to onlend to microenterprises. ....

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World Bank Approves $68 Million to Support Diversification of Tourism in The Gambia

WASHINGTON – The World Bank’s Board of Executive Directors approved on June 9, a $68 million grant from the International Development Association (IDA) to support the diversification and climate resilience of the tourism sector in The Gambia.The To ....

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World Bank approves $68m grant to support diversification of tourism sector in Gambia

The five-year project will take a targeted approach to integrate gender and climate actions across components and leverage significant global knowledge and experience in tourism recovery, particularly related to building back better in post COVID-19 situations. ....

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Little App partners with Britam & CGAP to introduce insurance and investment products to their drivers

Britam and Little App have partnered with the Consultative Group to Assist the Poor (CGAP) to introduce Britam’s insurance and investment products to ride hailing drivers via the Little App platform. ....

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USD400 million loan to support expansion of Philippine capital markets

Source: ADBThe Support to Capital Market-Generated Infrastructure Financing Program, Subprogram 2, is helping build an efficient domestic debt market and increase institutional participation in the market, especially from insurance and pension funds. More supply of long-term finance will help address the country’s infrastructure financing gap, estimated at roughly Php2 trillion ($40 billion) a year up to 2030. "As the Philippines steers its economy towards sustainable and resilient growth after the devastating COVID-19 pandemic, it will require various sources of long-term financing to support the recovery of its industries and micro, small, and medium-sized enterprises; provide social protection; and fund its infrastructure development priorities,” said ADB Principal Financial Sector Specialist for Southeast Asia Stephen Schuster. “A deeper, more diversified investor base can help ease fiscal constraints.”ADB is assisting the development and growth of the insurance and p ....

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