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Survey Reveals Extent of the Fallout From the Pandemic on Micro, Small and Medium Enterprises in Nepal

Based on a sample of more than 540 representatives from MSMEs across all provinces, the survey revealed that over 80 percent of businesses have suffered from a slump in sales.

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Pakistan: Microfinance During COVID

According to Pakistan Microfinance Network, negative effects of the pandemic are obvious since March 2020.

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Undocumented Migrant Workers To Get Government Support for Returning Home

All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.

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Defying Predictions, Nepal’s Remittances Still High

Despite dire predictions about a drastic drop in remittances that Nepal gets from its workers abroad due to the COVID-19 induced economic downturn, money transfers have remained steady. 

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New SCBF Project: First-Of-Its-Kind Digital Tele-Medicine and COVID-19 Insurance Product in Nepal

​​​​​​In response to COVID-19, the new SCBF product upscaling project supports a local insurtech company to implement a first-of-its-kind e-health value added service product with two core features: e-health tele-consultation bundled with COVID-19 insurance.

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India: Government Survey To Focus on Migrant Woes and Assess Remittance Risk

The household survey will also capture remittance risks to the rural economy until the pandemic is contained.

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India: Microfinance Collections Pick up in July, Shows Industry Data

Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.

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Pakistan Cites New Transfer Rules in Remittances Boost

In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.

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Digital Financial Services Must Expand to Address Pandemic Fallout

Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.

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Nearly 5,000 Nepali Workers Apply to Return Home on Government Support

Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.