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Pakistan: FINCA Staff Donates PKR 2M to PM’s COVID-19 Relief Fund

The donation was a part of a local initiative in which FINCA employees contributed a day’s worth of salary towards COVID-19 relief in appreciation of the country’s need in this time of crisis.

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Singapore Offers More Grants to Help Fintech Firms Ride out Pandemic

The SG$6 million ($3.44 million) grant can be used by local fintech companies to cover their daily working capital expenses and finance new product development work with financial institutions.

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Zimbabwe: COVID-19 - Zimbabwe's Smallholder Farmers Step Into the Food Supply Gap

Smallholder farmers have long been feeding this Southern African nation by producing the bulk of the country's maize staple, according to the Ministry of Agriculture.

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More U.S. Banks, Credit Unions Given Remittance Fee Exemptions

More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.re

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An International Coalition to Protect Microfinance Institutions and Their Clients in the COVID-19 Crisis

At the initiative of Grameen Crédit Agricole Foundation, a group of microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector during the COVID-19 pandemic.

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Major Step Forward to Improve Access to Finance in Pakistan Amid COVID-19

Pakistan’s micro, small and medium sized enterprises and individual consumers are set to benefit from the creation of an electronic registry that allows for the country’s financial institutions to use moveable assets as collateral for loans.

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Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness

The loan will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in the country.

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European Payment Giants Join to Form an Industry Alliance

The body will try to influence the EU laws for the payments industry.