To advance on an improved regulatory framework for microfinance operations, the Multilateral Investment Fund (MIF) of the Inter-American Development Fund (IDB) supported the activities of a regional working group lead by the Association of Supervisors of Banks of the Americas (ASBA) with the collaboration of International Consulting Consortium, Inc. (ICC, Inc.). The support included a regional survey to regulators throughout the region, which laid the basis for an initial set of draft “Guidelines of Principles for the Effective Regulation and Supervision of Microfinance Operations.” These guidelines are currently available in summary form for an industry consultation process for comments from selected industry operators.
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Microfinance: Markets & Missions
Jonathan C. Lewis
Chief Executive Officer/Founder
MicroCredit Enterprises
California Microfinance 2009
May 28, 2009
Stanford University
Thank you for inviting me to this important assembly of change agents. Whether
engaged in domestic micro-enterprise or international microfinance, we are kindred
We in this room know that creating sustainable economic development requires toughminded,
hard work. I admire your commitment, and I am proud to be in your company.

From the inner cities of America to the remote villages of Africa, we know the current economic slump is going to seriously hurt the poor, undermine nonprofit social safety nets, and reduce the social finance funding on which so many depend.

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