May 21, 2024

Pact is pleased to announce that after nearly a year of hard work and dedication, all original funds given by UNDP to Pact have been transferred back to UNDP. The funds were given to Pact to make small loans to Myanmar’s rural villagers and eventually led to the creation of Pact Global Microfinance Fund.

Following the closure of PGMF in June 2023 and the forgiveness of all outstanding loans, Pact has been working tirelessly to ensure the funds originally provided to the organization were transferred back to UNDP so that they could continue to benefit the people of Myanmar. UNDP plans to use the funds to support some of the most marginalized households in the country through their Enabling Community Recovery and Resilience project.