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UNITED NATIONS CAPITAL DEVELOPMENT FUNDUNITED NATIONS CAPITAL DEVELOPMENT FUND Microfinance

Building Inclusive Financial Sectors:A Multistakeholder Dialogue

Amman, October 12, 2004


The Context

A Double International Commitment

The Monterrey Consensus on Financing for Development (2002) is the basis of a commitment to building appropriate financial services for households, micro-, small and medium enterprises.

The International Year of Microcredit 2005 is committed to promoting the building of inclusive financial sectors that help people improve their lives and launching a challenge to national governments.


Vision

Scale up efforts and build industry capacity to meet unmet demand for microfinance

Unmet worldwide demand for financial services is staggering

Current supply of financial services reach only a small fraction of the six billion people in the world, mostly wealthy/corporate clients

Dramatically increase access to financial services

Establish prudential means to use microfinance most effectively to alleviate poverty

Current Situation

To reach our vision we need to:100*GDP

10*GDP

Av. Loan O/S

The portion of poor clients served is small but rapidly growing 25 to 30 percent annually over the past five years

Gap

High income clients served

Not served

Low income clients served 0.5*GDP


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 and opportunities 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.


The ProcessBringing together over the coming months a wide range of stakeholders though “multistakeholder dialogues,” direct interaction with stakeholder groups and contributions via the web site.

Participants will address this basic question:

“Why are so many bankable clients unbanked?”

Consultations will culminate in a Global Meeting in May 2005.


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


Round Table Discussions

On the basis of the set of questions provided as guidance, identify the five key constraints to greater access

Bring in examples based on your own experience

Identify the major challenges to the development of inclusive financial sectors over the next 5 – 10 years

Prepare one sentence vision statements on building inclusive financial sectors

Provide suggestion for further dialogue in the region.

Why are so Many Bankable Clients Unbanked?

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