Transcript the United Nations

Building Inclusive Financial Sectors:
A Multistakeholder Dialogue
Amman, October 12, 2004
UNITED NATIONS
UNITED
CAPITAL
NATIONS
DEVELOPMENT
CAPITAL DEVELOPMENT
FUND Microfinance
FUND
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.
UNITED NATIONS
UNITED
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DEVELOPMENT
CAPITAL DEVELOPMENT
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Vision
Scale up efforts and build industry capacity to meet unmet
demand for microfinance
Current supply of financial
services reach only a
small fraction of the six
billion people in the world,
mostly wealthy/corporate
clients
Unmet worldwide
demand for financial
services is
staggering
The portion of poor
clients served is
small but rapidly
growing 25 to 30
percent annually
over the past five
years
Av. Loan O/S
High
income
clients
served
100*GDP
To reach our vision we
need to:
 Dramatically increase
access to financial
services
Gap
10*GDP
Not
served
 Establish prudential
means to use
microfinance most
effectively to alleviate
poverty
Low income clients served 0.5*GDP
Current Situation
UNITED NATIONS
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CAPITAL DEVELOPMENT
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Blue Book on Building Inclusive Financial Sectors
Objectives and Outcomes
Objectives
Develop 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.
UNITED NATIONS
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The Process
Bringing 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.
UNITED NATIONS
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DEVELOPMENT
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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
UNITED NATIONS
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CAPITAL
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DEVELOPMENT
CAPITAL DEVELOPMENT
FUND Microfinance
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Round Table Discussions
Why are so Many Bankable Clients Unbanked?
 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.
UNITED NATIONS
UNITED
CAPITAL
NATIONS
DEVELOPMENT
CAPITAL DEVELOPMENT
FUND Microfinance
FUND