Beyond the EU: DORA and NIS 2 Directive's Global Impact
Dfid micfac presentation 29 sept
1. Microfinance Capacity Building Facility for Sub Saharan Africa (“MICFAC”) A Regional Approach to Expanding Access to Finance for the Poor by DFID & World Bank
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4. Access Strand in Selected Countries Source: Data extracted from FinMark Trust and Finscope www.finscope.co.za
5. Low Outreach of Deposit and Loan Accounts from Commercial Banks in SSA Source: Financial Access 2010, CGAP and the World Bank Group
7. Amongst the Biggest Challenges facing Microfinance in Africa are Capacity Constraints. Despite facing such challenges, some microfinance providers have shown dramatic growth in Sub Saharan Africa.
8. UNDP defines ‘capacity’ as “ the ability of individuals, institutions and societies to perform functions, solve problems, and set and achieve objectives in a sustainable manner”. Building capacity therefore covers a broad range of initiatives at different levels of intervention: human capacity; organisational capacity; institutional capacity. Source: //uk.oneworld.net/guides/capacitybuilding
12. 3 out of 5 Top Risks in African Microfinance are Capacity Related Note: Major risks facing the microfinance industry as identified by practitioners, investors, regulators and deposit takers (2008 rankings are in parenthesis in the 2009 columns); Source CSFI Macro-economic trends (-) Inappropriate regulation Refinancing (27) Staffing 5 Credit risk (3) Managing technology Management quality (1) Cost control 4 Corporate Governance (6) Credit risk Macro-economic trends (24) Inappropriate regulation 3 Staffing (7) Management quality Liquidity (20) Corporate Governance 2 Management quality (2) Too little funding Credit risk (10) Management quality 1 2009 2008 2009 2008 Africa Global response Rank
30. Proposed Components and Activities of MICFAC Grants to strengthen regional Centres of Excellence to offer quality training (e.g. improve curriculum, certification, training materials, expansion to new markets and topics) 3. Strengthening supply of skilled labour and service providers Grants: Scoping for cross-border expansion; bank downscaling initiatives 2. Increasing supply of microfinance operations to serve new clients and new markets Grants: Mgt skills/governance; new products dev; MIS/risk mgt tools, IT platform improvements, regulatory compliance – seminars/workshops with regional entities 1. Strengthening capacity of microfinance providers (criteria to be established in the design) SAMPLE ACTIVITIES COMPONENTS
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33. Thank You For Feedback/Suggestions, please contact: Korotoumou Ouattara [email_address] Angus Kirk [email_address] Zahia Lolila [email_address]
![Paradigm Shifts in the Microfinance Sector ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ Access to financial services can mean the difference between surviving or thriving” (G20 Leaders Statement, 2010)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)