News and Press Releases

June 15, 2010
Harnessing the power of technology could dramatically increase access to financial services for poor people around the world says CGAP and the Alliance for Finance Inclusion (AFI). But it will only happen if regulators and private firms strike the right balance between protecting customers and allowing innovation in branchless banking to flourish—a balance that is now being seen delivering results in some countries, especially in Africa.
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April 22, 2010
Amid tightening government budgets and a tough investment climate in the wake of the financial crisis, microfinance institutions (MFIs) are recognizing the need to clearly show that their activities target and benefit the poor. CGAP is encouraging MFIs to show their commitment to transparency through the Social Performance Reporting Awards, administered by the Microfinance Information Exchange (MIX).
March 16, 2010
CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank have joined forces to challenge the Islamic microfinance industry to develop new ideas for business models in the Islamic Microfinance Challenge 2010: Innovating Sustainable, Scalable, and Market-Driven Models.
March 11, 2010
CGAP,announced a new partnership with the UK Department for International Development (DFID) to expand ongoing global efforts to use information and communication technologies (ICT), especially mobile phones, to increase access to basic financial services for the poor. In addition to a 2006 grant from the Bill & Melinda Gates Foundation and CGAP funding, DFID will provide GBP 8 million to the CGAP Technology Program.
March 8, 2010
High-level representatives from 18 countries discuss best way to regulate branchless banking; increasing access to financial services to the world’s poor depends in large part on regulatory frameworks that strike the right balance between protecting customers and promoting the innovation required for branchless banking to flourish.
February 24, 2010
Recent repayment troubles in four rapidly-growing microfinance markets do not stem from the financial crisis, according to a report by CGAP, but from the way that microfinance operates in fast-growth markets.The authors examine recent repayment troubles in four rapidly-growing but disparate microfinance markets and conclude that the problems observed are closely associated with the growth phases each country experienced from 2004 to 2008.
February 22, 2010
Lawmakers in the United States and Europe are implementing meaningful new protections for financial consumers, generating fierce policy debates and leading those working in developing countries to consider what it means for them. At the same time, borrower defaults in several microfinance markets have focused attention on the issue of responsible finance.

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