MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 17th Annual Inter-American MicroEnterprise Forum (Foromic), October 26-28, 2015, Santiago, Chile

Event Name: Foromic 2015: The Future of Financial Inclusion Forum

Event Date: October 26-28, 2015

Event Location: CasaPiedra Convention Center, Santiago, Chile

Cost: The cost to attend the conference is USD 600.

Event Summary: This event brings together supporters of microenterprise, representatives from financial institutions, government officials and academics to discuss the development of microenterprise, specifically with regard to microfinance, in Latin America. Topics of discussion are to include the role of micro-, small and medium enterprises (MSMEs) in Chile, the role of digital services in expanding financial regulations, “microinsurance and its effectiveness in natural disaster[s]” and “new approaches for supporting social entrepreneurs” [1].

Background on Organizer: The Multilateral Investment Fund (MIF) established Foromic in 1998 with the aim of providing a platform for the exchange of ideas on microenterprise in Latin America. Established in 1993 by the US-based Inter-American Development Bank (IDB), MIF seeks to support economic growth in Latin America and the Caribbean through investment in private enterprises that benefit low-income populations. As of 2013, MIF reports having approved approximately 1,750 projects and disbursing USD 100 million per year in grants, equity investments and loans [2].

Event Website: http://www.fomin-events.com/foromic/2015/web/

For additional information, you may contact Foromic by email at: foromic[at]iadb.org or by phone at 202 623 1000.
By Meredith Steih, Research Associate

About Multilateral Investment Fund (MIF)

The Multilateral Investment Fund (MIF) is an autonomous fund that was founded in 1993 by the US-based Inter-American Development Bank (IDB). Now a member of the IDB Group, MIF has 39 donating member countries from the Americas, Asia and Europe. From its inception in 1993 through 2013, MIF reports having approved 1,750 projects in 19 countries, disbursing approximately USD 100 million per year in grants, equity investments and loans.

About Inter-American Development Bank (IDB)

The Inter-American Development Bank (IDB) is a US-based multilateral finance institution that was established in 1959 and operates in Latin America and the Caribbean. IDB works with governments, companies and nongovernmental organizations (NGOs) to provide both loans and grants to support small and medium-sized enterprises (SMEs), health, education and other sectors. IDB also provides technical assistance and research in these areas. With 48 member countries, IDB has offices in Washington, DC; Japan; France; and all 26 member countries in Latin America and the Caribbean. As of December 2014, IDB reported total assets of USD 106.3 billion.

Sources and Additional Resources:

[1] Foromic 2015: Future of Inclusive Finance Website: http://www.fomin-events.com/foromic/2015/web/

MicroCapital Universe Profile: Multilateral Investment Fund (MIF)

MicroCapital Universe Profile: Inter-American Development Bank (IDB)

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