IFC and Central Bank of Madagascar Partner to Strengthen Credit Reporting, Financial Inclusion

To help expand financial inclusion in Madagascar, IFC and the Central Bank of Madagascar today announced a partnership to strengthen the country's public credit registry to improve credit reporting and increase access to finance for individuals and small businesses.

The public credit registry is a publicly owned registry that captures and stores financial information, including the borrowing history of individuals and businesses. Under the partnership, IFC will support the Central Bank of Madagascar to improve credit data sharing among banks, microfinance institutions, and the public credit registry in compliance with internationally accepted data protection and privacy laws.