Tag "World Bank"
How World Bank’s US$ 250m Investment Will Fuel Indonesia’s Digital ID Revolution
The World Bank Group is issuing US$250 million to Indonesia as part of a wide-ranging move to strengthen the country’s digital identity, or ID, systems in what could see sweeping changes to how people can access (and make payments, among
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World Bank to Deliver World’s First Blockchain Bond
Commonwealth Bank has been mandated by the World Bank to be the sole arranger of the first bond globally to be created, allocated, transferred and managed using blockchain technology. The $AUD Kangaroo bond, termed ‘bond-i’ – Blockchain Offered New Debt Instrument –
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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress
The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in
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Myanmar Expands Access to Financial Services with World Bank Support
The World Bank’s Board of Executive Directors today approved a $100 million credit to support Myanmar in improving the access of families and small and medium-sized businesses to financial services. Myanmar’s Financial Sector Development Project aims to promote the development
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World Bank’s IFC To Invest US$25M In CompareAsiaGroup
CompareAsiaGroup, a financial comparison service in Southeast Asia, is about to raise US$25 million from the World Bank Group’s private equity arm, the International Finance Corporation (IFC). The IFC said in the filing that the proposed investment in CompareAsiaGroup “aligns
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Fintech Money Transfer Startups Eye Vietnamese Remittance Market
Vietnam currently stands as one of the top ten remittance recipient countries in the world. In 2014, more than US$12 billion have been remitted to the country, making it the 9th largest remittance recipient, according to a World Bank report.
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World Bank President: ‘Universal Access To Financial Services Is Within Reach – Thanks To New Technologies’
At the 2015 World Bank Group-IMF Spring Meetings in April, the World Bank Group and its partners have discussed ways of helping promote financial inclusion and achieve universal financial access by 2020. Commenting on the latest developments of the Universal
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