Catalog

	Table of Contents
p. 21 of 24 BACK | NEXT Introduction Need for a Development Strategy for Microfinance Microfinance in the Asian and Pacific Region ADB’s Microfinance Experience Other Agencies’ Microfinance Experience ADB’s Microfinance Development Strategy Implementation of the Strategy Mainstreaming Microfinance Better Use of Existing Modalities Enhancing ADB’s Private Sector Operations Building ADB’s Capacity Coordination Among Funding Agencies Monitoring Implementation Review of the Strategy

Microfinance Development Strategy : Implementation of the Strategy

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Building ADB’s capacity

ADB will strengthen its human resources and knowledge base through adjustments in the staff skill-mix of operational departments and offices, increasing awareness of and training staff to improve and expand their assistance to microfinance. Specifically, ADB will

1. improve awareness of staff involved in microfinance-related work at a general level, including managers of operational departments and offices in microfinance development issues;

2. thoroughly train staff involved in microfinance project processing and administration in various aspects of microfinance such as governance, product development, financial institutional analysis, and design of projects focused on the poorest and resource-poor areas³¹ to ensure an adequate number of microfinance specialists at the operational level;

3. improve the knowledge base of staff on pro-poor financial technology and institutional modalities; and

4. increase staff exposure to international best practices in microfinance.

ADB will strengthen the focal point for microfinance located in the Agriculture and Social Sectors Department (West) to support efforts aimed at improving the quality of its microfinance operations. The focal point group will function in close consultation and coordination with all departments and offices involved in microfinance operations. The group will:

1. collect and disseminate among staff involved in microfinance operations, information on good practices, innovations in financial technology, institutional modalities, and operations of other funding agencies;

2. develop and maintain a separate database on ADB’s microfinance operations and develop a monitoring system for ADB’s microfinance operations;

3. provide technical guidance to staff involved in relevant sector work, and processing and administration of microfinance projects;

4. prepare progress reports on ADB’s microfinance operations;

5. assist the Human Resources Division of the Budget, Personnel, and Management Systems Department to provide training programs in microfinance; and

6. promote networking with international, regional, and national microfinance development institutions, and coordination among funding agencies.

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