Selected Event Archive Material
In the spirit of friendly competition, each of the below five Finalists will present 7-minute ‘innovation pitches’ on driving inclusion and resilience for Savings Groups. Participants will be invited to share open and honest feedback on each innovation and will use digital polling to rate each pitch in live time and determine the overall winner of the Innovation Challenge. This is not-your-average Zoom webinar.
Session 3: COVID-19 and agri-SME finance
About the webinar
SME lending is core to the global economy and one of the most competitive areas of fintech and alternative finance. With governments pouring billions into state-backed lending, what will the long term impact of BBLS and CBILS be?
The International Monetary Fund (IMF) has stated that “The COVID-19 pandemic has caused an unprecedented human and health crisis. The measures necessary to contain the virus have triggered an economic downturn. (...) The latest Global Financial Stability Report shows that the financial system has already felt a dramatic impact, and a further intensification of the crisis could affect global financial stability”.
Pakistan’s microfinance sector faces a crisis unlike anything it has experienced before. The COVID-19 pandemic threatens 7.3 million low-income Pakistani households that rely on microfinance institutions for access to capital and other financial services.
How has Colombia provided digital financial transfers to nearly 3 million households severely affected by the pandemic?
What steps has the government taken to reach over 1 million households, who are first-time users of mobile money?
In this webinar, the participants will:
The pandemic has raised the profile of digital financial services, which have enabled amazingly rapid distribution of social support funds and may provide a path forward for delivering financial services safely and at scale. But there are important questions left to consider about the roll-out and ultimate impact of DFS:
1) How to onboard those who aren't digital, especially the illiterate and innumerate, when in-person training isn't possible?
2) How to ensure that agents are protected and provided with the necessary resources?
It is well documented that the COVID-19 crisis is putting pressure on the financial assets of farmers, small and medium-sized enterprises (SMEs), and other actors in agricultural value chains across the world. The pressing need for working capital and trade finance that many agri-SMEs need to keep afloat is increasingly being discussed.
The COVID-19 crisis has triggered an economic fallout that will drive millions into poverty and worsen inequality. Amid the mounting human and economic toll, South Asian countries have ramped action to curb the health emergency, protect their people, and set the stage for recovery.