Microfinance Horizon

21 January 2011 [PressRelease] The Asian Development Bank (ADB), with assistance from the Government of Japan, is launching a first ever remittance investment project to provide safe, affordable remittance services to thousands of Bangladeshi migrant workers and their families. The ADB Board of Directors approved a $2 million grant from the Japan Fund for Poverty [...]

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5 January 2011 [PressRelease] The Government of Luxembourg has committed a further €1.5 million ($1.97 million) to an Asian Development Bank (ADB)-administered fund set up to strengthen financial systems in developing countries in Asia and the Pacific to aid inclusive growth. The latest contribution to the Financial Sector Development Partnership Fund raises Luxembourg’s total investments [...]

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27 December 2010 [PressRelease] The Government of Sweden is extending an additional SEK35,000,000 (about $5 million equivalent) to an Asian Development Bank (ADB)-administered trust fund which is helping combat the spread of HIV/AIDS in Asia and the Pacific. The new assistance, which will be released in three installments from 2010 to 2012, follows Sweden’s initial [...]

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22 December 2010 [PressRelease] A $2.5 million grant from the Asian Development Bank (ADB) will help Mongolia overhaul its savings and credit cooperative market and provide basic financial education nationwide, particularly for poor households. The grant is from Japan’s Special Fund, financed by the Government of Japan and administered by ADB. The Financial Regulatory Commission [...]

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14 December 2010 [MediaRelease] The Asian Development Bank’s (ADB) Board of Directors today approved a Microfinance Risk Participation Program, marking ADB’s first large scale private sector microfinance initiative. The program will allow ADB to partner with financial institutions that actively lend to microfinance institutions (MFIs) in ADB’s developing member countries, and to share the default [...]

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12 December 2010 [PressRelease] The Asian Development Bank (ADB) will provide up to $10 million for a private equity fund that aims to expand microfinance and small bank lending to poor, underserved groups across the region. ADB’s Board of Directors approved the equity stake in the ShoreCap II Fund. It will invest in microfinance institutions [...]

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8 December 2010 [PressRelease] MANILA, PHILIPPINES – The Asian Development Bank (ADB) and the Joint Stock Company Bank of Georgia have signed a loan agreement for a $50 million five-year financing package, the proceeds of which will be onlent to small and medium-sized enterprises (SMEs). The loan is expected to help Georgia expand its SME [...]

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3 December 2010 [ADBNewsRelease] MANILA, PHILIPPINES – The Asian Development Bank (ADB) Board of Directors today approved a loan and grant of $15 million equivalent to the Government of Cambodia to promote the development of a sound, market-based financial sector. The loan and grant will finance the final subprogram of the Second Financial Sector Cluster [...]

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1 December 2010 [ADB] MANILA, PHILIPPINES – Northern regions of the Lao People’s Democratic Republic (PDR) will receive Asian Development Bank (ADB) assistance for agriculture infrastructure upgrades that will boost incomes and opportunities for poor, rural communities. ADB’s Board of Directors approved a grant of $23 million for the Northern Rural Infrastructure Development Sector Project. [...]

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27 November 2010 [ADB] The Asian Development Bank (ADB) will help some of Nepal’s poorest farmers shift production from traditional low-earning crops into high-value commodities, resulting in improved quality of life and incomes for nearly 19,000 households. ADB’s Board of Directors approved a grant of $20.1 million for the Raising Incomes of Small and Medium Farmers [...]

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26 November 2010 [ADB] The Asian Development Bank (ADB) will extend financial assistance of $615 million for a major bridge project in Bangladesh which will help accelerate growth and poverty reduction in the country’s poor and underdeveloped southwest. ADB’s Board of Directors today approved the loan funds for the construction of a multipurpose bridge across the [...]

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By Samisoni Pareti 21 November 2010 [ADB] People on Papua New Guinea’s remote Manam Island and Madang Province are rebuilding after a disastrous volcanic eruption thanks to better banking solutions. Manam Island, Papua New Guinea - Following devastating volcanic eruptions in October 2004 on remote Manam Island, and the subsequent complete evacuation to the mainland of [...]

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