Catalog

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p. 22 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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Coordination among funding agencies

Because many funding agencies are involved in microfinance in ADB's DMCs and multiple benefits can be derived from it, ADB will increase its efforts to improve coordination among these agencies at the global and country levels. At the global level, ADB will continue to work with the Consultative Group to Assist the Poorest (CGAP)³² to strengthen funding agencies’ practices in microfinance. At the country-level, it is proposed that ADB will take the lead in organizing microfinance groups among funding agencies in countries where ADB will support microfinance development (if such groups do not already exist) to disseminate good practices and adopt consistent approaches. ADB will also work with other funding agencies in preparing financial sector strategies at the country level to ensure integration of microfinance into the broader financial system.

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