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ADB’s private sector investment supported the expansion of RBL Bank’s Saksham and Unnati programs, which combines access to loans with financial inclusion and financial literacy improvement.
The Asian Development Bank has approved a $40 million policy-based loan to support the Government of Cambodia’s efforts to expand access to credit among micro, small, and medium-sized enterprises and implement reforms...
The Board of Directors of the African Development Bank (AfDB) have approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. The disclosure is contained in a public statement titled, ’African Development Bank bolsters women-empowered businesses with $50 million loan to FCMB bank’ issued by the AfDB on Wednesday, July 7, 2021. The statement says that 30% of the funds, which are intended to mitigate the effects of the challenging Co...