MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) Launches Inter-American Awards for Microenterprise Development 2010

In an effort to acknowledge the achievements of organizations supporting microenterprise development in Latin America and the Caribbean, the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) recently launched the Inter-American Awards for Microenterprise Development 2010. The awards will be given at the annual Inter-American Forum on Microenterprise – Foromic, which will be held in Montevideo, Uruguay, from October 6 to 8, 2010.

The contest is open to financial institutions, private companies, non-governmental organizations (NGOs) and other organizations associated with financial sector development. For more information contact foromic@iadb.org.

By Stefanie Rubin, Research Associate

About the Inter-American Development Bank (IDB):

The Inter-American Development Bank (IDB) was established in 1959 and provides multilateral financing in Latin America and the Caribbean. The bank works with governments, companies and non-governmental organizations (NGOs) to provide both loans and grants to support small and medium enterprises (SMEs), health, and education, among other sectors. It also provides technical assistance and research in these areas. Its Board of Executives are elected by 48 member countries, 26 of which are from Latin America and the Caribbean.

About the Multilateral Investment Fund (MIF):

The Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) is an autonomous fund that is administered by the IDB. It was created in 1993 to provide funding to micro and small enterprises in Latin America and the Caribbean. It has 38 member countries that donate to the fund from Latin America and the Caribbean, North America, Europe and Asia. It also receives financing from private investors including the Latin American Challenge Investment Fund S.A, the Emergency Liquidity Facility, and ACCION Investments.

Additional Resources:

Source Article: Inter-American Development Bank: “Inter-American Awards for Microenterprise Development 2010,”? http://events.iadb.org/calendar/eventDetail.aspx?lang=en&id=1779

MicroCapital Universe: Inter-American Development Bank (IDB): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Int…

MicroCapital Universe: Multilateral Investment Fund (MIF): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Multilateral+Investment+Fund+%28MIF%29

XIII Inter-American Forum on Microenteprise: http://events.iadb.org/calendar/eventDetail.aspx?lang=en&id=1779

Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/

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