Tomas Miller of the US-based Multilateral Investment Fund (MIF) was quoted recently by the Bahamian newspaper The Nassau Gaurdian as saying that, “Based on our definition of a microfinance institution, The Bahamas doesn’t really have that yet.” The interview was precipitated by the Third Caribbean Microfinance Forum, which was held recently in the Bahamas by the Caribbean Microfinance Capacity-building project, which is funded by MIF, the Barbados-based Caribbean Development Bank and the EU’s European Commission. Winsome Leslie, also of MIF, reportedly said that plans are afoot for one or more Bahamian institutions to offer microfinance services during 2012. The US-based nonprofit Microfinance Information Exchange does not list any microfinance institutions in the country.
About the Multilateral Investment Fund (MIF):
The Multilateral Investment Fund (MIF) is an autonomous fund that was founded in 1993 by the Inter-American Development Bank (IDB). Now a member of the IDB Group, MIF has 38 donating member countries from Latin America, the Caribbean, North America, Europe and Asia. As of 2010, MIF reported having approved approximately 1,000 projects in approximately 26 developing member countries. Together with its partners, it has provided financing of approximately USD 2.5 billion to various projects.
Sources and Additional Resources:
The Nassau Guardian: http://www.thenassauguardian.com/index.php?option=com_content&view=article&id=16605&Itemid=2
MicroCapital Universe: Multilateral Investment Fund Profile: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Multilateral+Investment+Fund+%28MIF%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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