Fintech for International Development @Fintech4ID
Bringing together humanitarian, financial and technology sectors to create a secure, safe and reliable solution to the delivery of aid. #techforgood f4id.org/l20 Joined November 2021-
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First phase of distribution complete ✅ This week 100 wheelchairs were distributed in Pakistan by @chef_pakistan using #L20. #techforgood #Pakistan #humanitarianassistance
Proud to be one of the high-growth businesses selected by @growldnbusiness to join Cohort 1 of Grow London Global. For more information about the programme & how it helps London companies to scale internationally, visit grow.london
Check out @3SIDEDCUBE's latest #IgnitingChange podcast episode, featuring our very own Natasha Benson! ⬇
Check out @3SIDEDCUBE's latest #IgnitingChange podcast episode, featuring our very own Natasha Benson! ⬇
🚨 1/ My new report: With devastating news of Taliban restrictions against female UN workers in #Afghanistan, the #humanitarian crisis looks set to worsen. Yet aid alone will be inadequate if Afghan trade is unable to complement the actions of humanitarian actors in the country.
🚨 1/ My new report: With devastating news of Taliban restrictions against female UN workers in #Afghanistan, the #humanitarian crisis looks set to worsen. Yet aid alone will be inadequate if Afghan trade is unable to complement the actions of humanitarian actors in the country.
⚠️Afghanistan faces an unprecedented humanitarian crisis. Humanitarian assistance alone cannot address the rising needs. 👉Our new report looks at the challenges facing the private sector & what is needed to reduce aid dependency. bit.ly/3nDw6Gg @DrEricaMoret
📢 Exciting news! F4ID is now a member of @calpnetwork CALP Network are a global network of 90+ organisations engaged in the critical areas of policy, practice, and research in humanitarian cash and voucher assistance (CVA) 💡 #CVA #HumanitarianAid #TechForGood
How can Chat GPT be utilised by humanitarian organisations? 💡 An interesting article by @newhumanitarian ⬇️ thenewhumanitarian.org/opinion/2023/0… #humanitarintechnology #chatgpt #techforgood
Check out our latest blog post for #InternationalWomensDay written by F4ID's CEO Natasha Benson 💡 ➡ f4id.org/post/internati… #IWD2023 #embraceequity
Meet the management team behind F4ID 👋 With years of experience in #humanitarian, #financial and #technology sectors, our team is dedicated to making a real impact in the world. Join us in our mission to make a difference 🌍 🌐f4id.org/l20 📧[email protected]
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Happy Igniting Change Thursday 🔥 Tune in to catch our conversation with @Fintech4ID, to hear how they are delivering impactful financial solutions to the Humanitarian sector💰 Find out more here >>hubs.li/Q01LjphB0 #IgnitingChange #Podcast #FinTechForGood
❗️NEW REPORT ❗️ Over-compliance and misconceptions about international sanctions have led to severe obstacles for the Afghan business community. Concrete steps must be taken to address the crippled Afghan economy and unprecedented humanitarian crisis. fal.cn/3x91c
⚠️Afghanistan faces an unprecedented humanitarian crisis. Humanitarian assistance alone cannot address the rising needs. 👉Our new report looks at the challenges facing the private sector & what is needed to reduce aid dependency. bit.ly/3nDw6Gg @DrEricaMoret
15/ 🙏 Thank you to all who played a role in this study. It benefitted greatly from the tireless & expert input from Afghan firms, banks, NGOs, IOs & academics & particularly @NRC_Norway & @Fintech4ID with funding from @SNISGeneva @PoliSync @GVAGrad_GGC @GVAGrad @Hum_StudiesGVA
14/ #Russia’s 2022 war in #Ukraine also contributing negatively to #Afghan trade through: > Rising global food & energy prices > Russia’s 2022 blockade of grain in Ukrainian ports > Russia’s protectionist policies on exports of food & #fertilisers, with regional ripple effects
13/ • Absence of a fully functioning Afghan Central Bank (DAB). • Curtailed access to financial services & liquidity. • Reduced airline freight capacity to & from #Afghanistan since August 2021. • Reduced contact with international partners through trade fairs.
12/ Alongside pre-existing multidimensional poverty, displacement, food insecurity & environmental hazards, other exacerbating challenges include: • Loss of majority of women from the Afghanistan workforce. • Restrictive domestic trade policies & financial controls.
11/ #Hawala is now the dominant form of international & domestic transfers for #Afghanistan private sector actors yet is not an accepted form of payment by most international firms. Hawala is a legal & partially regulated form of money service business in Afghanistan.
10/ Only Afghan firms able to access overseas bank accounts (typically through having offices in other countries, primarily in Turkey & the UAE) are able to settle international payments via the formal banking system & have struggled to open new bank accounts since August 2021.
9/ > Some Afghan firms dealing in food & other essential goods lack capacity to meet stepped-up standards adopted by Afghan banks since 2021 for enhanced due diligence checks. Other firms have faced constraints linked to long waiting times for compliance checks to be completed.
8/ Accessing functioning #banking channels presents a major challenge to most firms engaged in or with #Afghanistan: > #Correspondent banking relationships are extremely limited due to perceived risks, resourcing burden & limited financial rewards.
7/ Widespread misconceptions – particularly in Central Asia & the Gulf – hold that #Afghanistan as a country is sanctioned. #Banks & other firms in the region are not always aware of the #humanitarian exemptions that allow for continued private sector activities in many areas.
6/ > Firms engaging in food supply chains to and from #Afghanistan would benefit from better guidance, capacity building & awareness-raising on what is permissible under UN & US #sanctions regimes to forge greater confidence in, and appetite for, resumed #trade with Afghanistan.
5/ > UNSCR 2615 & GL 20 have been fundamental & necessary to allow for basic goods to be imported into #Afghanistan. > At the same time, financial sector #derisking & private sector #overcompliance continue to represent serious constraints in spite of #humanitarian #carveouts.
4/ > UNSCR 2615 & US GL 20 allow firms in #Afghanistan to engage in transfers of funds or assets to designated persons if they relate to activities supporting basic human needs, including processing & payment of #funds & provision of goods & services to support such activities.
3/ Some key findings: > #Afghanistan remains open to business despite UN and US #sanctions. > The country as a whole is not under sanctions. > Business activities and payments needed to address the basic needs of the population are permitted.
2/ Just out with @nrc & @F4ID, it explores challenges facing #trade in #Afghanistan, with a focus on supply chains of essential goods. Based on 25 interviews carried out in mid-2022 with private sector, development & banking actors operating in, or with, Afghanistan @SNISGeneva
🚨 1/ My new report: With devastating news of Taliban restrictions against female UN workers in #Afghanistan, the #humanitarian crisis looks set to worsen. Yet aid alone will be inadequate if Afghan trade is unable to complement the actions of humanitarian actors in the country.
⚠️Afghanistan faces an unprecedented humanitarian crisis. Humanitarian assistance alone cannot address the rising needs. 👉Our new report looks at the challenges facing the private sector & what is needed to reduce aid dependency. bit.ly/3nDw6Gg @DrEricaMoret
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