August 14th, 2020
This article was published by NextBillion on 13 August 2020.Avoiding another crash: How global standards set after the 2008 crisis prepared the financial system to weather COVID-19
Editor’s note: This article is part of NextBillion’s series “Enterprise in the Time of Coronavirus,” which explores how the business and development sectors are responding to the pandemic. For news updates and analysis, virtual events, and links to useful…
August 12th, 2020
By Mohanad Salous, Chief of Financial Inclusion Division, Palestine Monetary Authority, and Diana Schvarztein, Policy Manager, Financial Inclusion, AFI
The coronavirus pandemic has further exacerbated youth’s vulnerabilities and is likely to have a greater negative impact on young people’s livelihoods, particularly for those in developing countries.
July 29th, 2020
By Bidhan Chandra Shaha, Deputy Director, Bangladesh Bank
“Social media deserves great appreciation not only because people are spending a lot of time on Facebook during COVID-19 pandemic, but also due to the fact that my business does not need to shut down for a single moment amidst the prolonged lockdown in the country,” revealed Anu.
Sumaiya Islam Anu is the founder of…
July 20th, 2020
July 7th, 2020
By Luis José Arredondo Heredia, General Director of Supervision of Savings and Loan Cooperatives, CNBV
Responding to the growing economic uncertainties amid COVID-19 restrictions, Mexico’s Comisión Nacional Bancaria y de Valores (CNBV) recently launched a special accounting standard that allows financial intermediaries, such as banks, financial cooperatives, popular finance companies…
July 6th, 2020
By Helen Walbey, AFI Head Gender Inclusive Finance & Adeyemi Omotoso, Policy Specialist, FInTech, AFI
The financial inclusion gender gap of nine percent stubbornly persists in developing countries and nearly a billion women, globally, remain financially excluded. Ongoing barriers that led to this range from socio-cultural factors, lack of gender sensitive policies, limited ownership of…
July 5th, 2020
By Waleed Samarah, Central Bank of Jordan
Since the early onset of the global pandemic, Central Bank of Jordan (CBJ) has adopted ongoing preventive and supportive measures aimed at containing the negative repercussions of COVID-19 on the local economy. Furthermore, the central bank has facilitated the use of digital channels in financial transactions to help limit the spread of…
June 27th, 2020
By Saiyad Hussain, Acting Chief Executive Office, Fiji Development Bank
Thanks to innovative thinking and financial literacy skills of entrepreneur Meena Gounden, award-winning Gopal’s Poultry Farm in Coqeloa, Labasa is weathering the COVID-19 pandemic crisis by staying open for business.
Meena is already thinking of ways to improve her business resilience by making plans for the “…
June 26th, 2020
By Samuel Tarinda, Gender Researcher & Deputy Director in the Economic Policy & Research Division, Reserve Bank of Zimbabwe
The COVID-19 pandemic has shaken all the countries of the world, almost instantaneously within the first quarter of 2020. In Zimbabwe, like in many other countries, we are beginning to observe some channels through which COVID-19 has, and will have,…
June 23rd, 2020
By Micol Pistelli, Senior Financial Inclusion Coordinator, UNHCR and Mariam Jemila Zahari, Policy Analyst, AFI
Forcibly displaced persons (FDPs) must be incorporated into national financial inclusion strategies (NFISs), recognizing their special circumstances and legal status as an important deliberate step towards fully inclusive financial sectors.
According to the United Nations…