Paper

Building Financial Systems for the Poor

CGAP's initiatives to address micro finance stakeholders' needs creating stronger financial systems
Download 17 pages

This presentation attempts to highlight CGAP's initiatives in building inclusive financial systems for the poor. CGAP intends to address issues at three different levels:

  • Micro-level for financial service providers by:
    • Promoting diverse institutions and delivery channels.
  • Meso-level for market infrastructure by:
    • Improving technology infrastructure and transparency.
  • Macro-level for governments and donors by:
    • Building "helpful" policy environments;
    • Promoting aid effectiveness.

The presentation elaborates on some of CGAP's examples towards:

  • Financial service providers:
    • Deploying microfinance in large branch networks, for e.g. Retail Innovation Fund in Brazil, South Africa and Sub-Saharan Africa.
  • Market structure as part of information infrastructure and technology:
    • The MIX;
    • The Rating Fund;
    • Information Systems Program.
  • Provision of 'helpful' environment by governments:
    • Regulations and supervision consensus guidelines;
    • Workshops and trainings;
    • Web resource centers;
    • Policy papers;
    • In-country consultation.
  • Donors aid effectiveness addressed by:
    • Joint funding vehicle;
    • Common standards;
    • Peer reviews of donor effectiveness;
    • Donor-staff support.

The presentation concludes by stating some of the lessons learnt while understanding the needs of poor clients.

About this Publication

By Rosenberg, R.
Published