by Elva Montelongo -

MICROCAPITAL BRIEF: Credit Bank, FSD Kenya Engaging SACCOs in Effort to Reduce Remittance Costs for Rural Kenyans

The UN’s International Fund for Agricultural Development (IFAD) recently announced a pair of programs that will operate in Kenya under the EU’s Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa). In particular, IFAD will fund

by Bradley Shulman -

MICROFINANCE WRAP-UP: “Resilience: COVID-19 Crisis Through A Migration Lens;” Published by Global Knowledge Partnership on Migration and Development (KNOMAD)

This brief provides an overview of recent trends in migration and remittances globally. Overall, remittances to low- and middle-income countries (LMICs) remained relatively stable through the onset of the COVID-19 pandemic, decreasing from USD 548 billion in 2019 to USD 540 billion in 2020. Many countries used “counter-cyclical fiscal policy” to stimulate their economies, which

by Harriet Ritchie -

MICROCAPITAL BRIEF: Mexico, Morocco Report Increases in Remittances Despite Dire Predictions Due to COVID-19 Pandemic

Residents of Mexico and Morocco received more in remittances from family members living abroad during most of 2020 versus 2019. This despite predictions from sources including the World Bank that the COVID-19 pandemic would cause global remittances to decrease 20 percent “due to a fall in the wages and emplo

by Eugene DeCosse -

MICROFINANCE EVENT: IAMTN (International Association of Money Transfer Networks) Global Summit; October 2-3, 2019; London, UK

Event Summary: This summit offers those in the cross-border payments industry opportunities to discuss topics such as distributed ledger technology, artificial intelligence, regulations and new products while also providing

by Rick Altieri -

MICROCAPITAL BRIEF: Pakistan’s Khushhali Bank Partnering With Western Union to Offer International Remittances

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Khushhali Bank, a Pakistani microfinance bank, and Western Union, an American financial services and communications company, have signed an agreement to introduce international inbound remittance services in 76 districts across Pakistan, beginning with Karachi, Lahore and Rawalpindi.