Amman Slides

8/2/2019 Amman Slides

1/7

UNITED NATIONS CAPITAL DEVELOPMENT FUNDUNITED NATION

S CAPITAL DEVELOPMENT FUND Microfinance

Building Inclusive Financial Sectors:A Multistakeholder Dialogue

Amman, October 12, 2004


2/7



The Context

A Double International Commitment

The Monterrey Consensus on Financing forDevelopment (2002) is the basis of a commitment tobuilding appropriate financial services forhouseholds, micro-, small and medium enterprises.

The International Year of Microcredit 2005 iscommitted to promoting the building of inclusivefinancial sectors that help people improve their lives

and launching a challenge to national governments.


3/7



Vision

Scale up efforts and build industry capacity to meet unmet

demand for microfinance

Unmet worldwidedemand for financialservices isstaggering

Current supply of financialservices reach only asmall fraction of the sixbillion people in the world,mostly wealthy/corporateclients

Dramatically increaseaccess to financialservices

Establish prudentialmeans to usemicrofinance mosteffectively to alleviatepoverty

Current Situation

To reach our vision weneed to:

100*GDP

10*GDP

Av. Loan O/S

The portion of poor

clients served issmall but rapidlygrowing 25 to 30percent annuallyover the past fiveyears

Gap

Highincomeclientsserved

Notserved

Low income clients served 0.5*GDP


4/7



Blue Book on Building Inclusive Financial Sectors

Objectives and Outcomes

ObjectivesDevelop a common understanding of the constraints to building

inclusive financial sectors in different country settings andopportunities for action

Develop a compelling analysis, a Blue Book on Building Inclusive

Financial Sectors that will provide information, analysis and

guidance

Adopt the Blue Book as a tool to stimulate concrete action at the

country level.

Outcome

The preparation of a Blue Book on Building Inclusive Financial

Sectors to be submitted to the General Assembly in fall 2005.

Follow-up by national governments.


5/7



The Process

Bringing together over the coming months awide range of stakeholders thoughmultistakeholder dialogues, direct interactionwith stakeholder groups and contributions viathe web site.

Participants will address this basic question:

Why are so many bankableclients unbanked?

Consultations will culminate in a GlobalMeeting in May 2005.


6/7



Proposed Organization of Session

Program

Introductory Statements

Round Table Discussions in small groups

Presentation of results

Discussion in Plenary and Conclusions

Identification of Ways to Pursue Dialogue in

Middle East and North Africa Region


7/7

UNITED NATIONS CAPITAL DEVELOPMENT FUNDUNITED NATIONS CAPITAL DEVELOPMENT FUND Microfinance

Round Table Discussions

On the basis of the set of questions provided asguidance, identify the five key constraints to greateraccess

Bring in examples based on your own experience

Identify the major challenges to the development ofinclusive financial sectors over the next 5 10 years

Prepare one sentence vision statements on buildinginclusive financial sectors

Provide suggestion for further dialogue in the region.

Why are so Many Bankable Clients Unbanked?

Documents

Amman Slides