Microfinance provides post-disaster relief and support quickly, reduces the cost of recovery financing, reduces aid dependency, and builds long-term resilience.
The success of these financial instruments in India and Nigeria shows that patriotic ties can be a powerful incentive for diaspora members to invest in their home countries.
An ADB-supported project has made a significant positive impact toward achieving financial inclusion for people living in remote areas of Papua New Guinea.
Enabling new digital financial services models requires an open-minded approach to innovation, with sufficient certainty over the legal framework.
Innovations in ICT and the emergence of new fintech players are accelerating financial inclusion much more rapidly than at any other time in history.
MSMEs in the country weathered the economic turbulence by taking active steps to adjust their businesses and look for new opportunities.
It’s not just about broadening access to finance, but also inducing beneficial use of credit.
The developing world has a long way to go to reach the stage of financial sector development of advanced economies.
An ADB-funded soap opera became hugely popular on Mongolian TV in 2015 – and helped change people’s financial behavior.
To leverage more infrastructure development funds, India should establish a specialized institution dedicated to credit-enhancing corporate bonds.