MICROCAPITAL PAPER WRAP-UP: “Youth’s Financial Inclusion Policy Reform Study;” by Yassir Ahmed Hassan Jamie; published by MDG Achievement Fund; Microfinance Unit, Central Bank of Sudan; United Nations Development Programme

By Yassir Ahmed Hassan Jamie, published by MDG (Millennium Development Goals) Achievement Fund; Microfinance Unit, Central Bank of Sudan; United Nations Development Programme, May 2012, 103 pages, available at http://www.microfinancegateway.org/gm/document-1.9.57618/Youth%20Financial%20Inclusion%20Policy%20Reform%20Study%20FINAL.pdf

MICROCAPITAL BRIEF: United Nations Environment Programme (UNEP), Insurers Launch Global Insurance Principles at Rio+20, Brazil

United Nations Environment Programme Finance Initiative (UNEP FI) launched the Principles for Sustainable Insurance (the ‘PSI Initiative’) on the eve of the Rio+20 Conference in Rio de Janeiro, Brazil.

MICROCAPITAL BRIEF: IKEA Foundation Donates $39m to United Nations Development Program’s “Swaayam” Women’s Empowerment Program in India

The IKEA Foundation, a charitable foundation affiliated with Dutch furniture retailer IKEA, recently committed a donation of EUR 30 million (USD 39 million) to Swaayam, a pilot program that aims to boost the social, political and economic empowerment of poor women in India. Swaayam provides women with financial, literacy and leadership education as well as accessing microloans through self-help groups.

MICROCAPITAL BRIEF: “Istanbul Declaration” Proposes Discussion of Income Inequality, Women’s Empowerment, Environmental Sustainability at United Nations (UN) “Rio + 20” Conference in Brazil in June

Participants in last week’s United Nations (UN) Global Human Development Forum in Istanbul, Turkey, have adopted an “Istanbul Declaration” that calls for unified action against global social inequities and environmental degradation at the UN “Rio + 20” Conference on Sustainable Development to be held in Brazil in June 2012.

MICROCAPITAL BRIEF: Global Human Development Forum to Issue “Istanbul Declaration” on Social Justice Issues to be Raised at United Nations “Rio + 20” Conference on Sustainable Development

The United Nations’ (UN’s) Global Human Development Forum, which has begun in Istanbul, Turkey, will involve the discussion of social justice and environmental protection issues to be negotiated at the UN “Rio + 20” Conference on Sustainable Development, which will be held in Rio de Janeiro, Brazil, in June 2012.

MICROCAPITAL BRIEF: “Mubadarati” Initiative Backed by United Nations, Silatech to Provide Microfinance to Young Palestinian Entrepreneurs

A United Nations-backed initiative, “Mubadarati,” that was announced February 27, 2012, will provide loans to young people in the West Bank and Gaza.

MICROCAPITAL BRIEF: Central Bank of Liberia Launches $2.7m Loan Facility For Microfinance Institutions, Backed By United Nations Development Program

As part of its Liberian Inclusive Financial Sector (LIFS) Project, which is supported by the United Nations Development Program (UNDP), the Central Bank of Liberia (CBL) has launched a LRD 200 million (USD 2.7 million) “Loan Extension Assistance Facility” (LEAF) economic stimulus initiative which targets Liberian microfinance institutions [1].

MICROCAPITAL BRIEF: United Nations Capital Development Fund (UNCDF) Event Highlights SafeSave’s Asset-Building Microloan Product “P9”

The United Nations Capital Development Fund (UNCDF) recently hosted an event entitled “How Can Microfinance Extend Social Protection in Asian Lesser Developed Countries (LDCs)?”  The P9 program, which was developed by Bangladeshi microbank SafeSave, was highly praised.

MICROCAPITAL BRIEF: United Nations (UN) International Fund for Agricultural Development (IFAD) Provides $100m to Ethiopia for Rural Microfinance, Bridges to Traditional Banks

The United Nations (UN) International Fund for Agricultural Development (IFAD), an organization working to alleviate rural poverty in developing nations, has pledged to provide USD 100 million to the Federal Democratic Republic of Ethiopia for the Rural Financial Intermediation Programme Phase II (RUFIP II).

MICROFINANCE EVENT: The Business Viability of Microinsurance, Webinar, November 24, 2011, Organized by the Microinsurance Innovation Facility of the United Nations’ International Labour Organization

Event Name: The Business Viability of Microinsurance

Event Date: November 24, 2011, 1:00 pm – 2:15 pm Central European Time (GMT +1 hour)

Event Location: Online

MICROCAPITAL BRIEF: United Nations Capital Development Fund Seeks Financial, Technical Service Providers to Expand Savings Microfinance Program MicroLead

The United Nations Capital Development Fund (UNCDF), an agency that provides investment capital and technical advice to developing countries, has launched a request for applications for the expansion of its MicroLead program, which seeks to support financial service providers and technical service providers in expanding the availability of savings services to new markets in Sub-Saharan Africa [1].

MICROFINANCE EVENT: United Nations Environment Programme Finance Initiative 13th Global Roundtable, “The Tipping Point: Sustained stability in the next economy”, Washington, DC, October 19-20, 2011

Event Name: United Nations Environment Programme (UNEP) Finance Initiative 13th Global Roundtable, “The Tipping Point: Sustained stability in the next economy”

Event Date: October 19 – October 20, 2011

Event Location: Ronald Reagan Building and International Trade Center, Washington, DC, USA

MICROCAPITAL BRIEF: United Nations Development Program (UNDP) Convenes Discussion On Amending Microfinance Regulations in Uzbekistan

United Nations Development Program (UNDP), the United Nations’ global development network that seeks to connect countries to knowledge, experience and resources to help people build a better life, organized a session recently to discuss amendments to microfinance regulations in Uzbekistan.

MICROCAPITAL BRIEF: Opportunity International to Receive Grant of $2.5m from United Nations Capital Development Fund’s (UNCDF’s) MicroLead Program to Begin Microfinance Services In Democratic Republic of Congo

As part of its “Banking on Africa” campaign, Opportunity International, a global network of microfinance institutions (MFIs), recently announced plans to begin “community banking” operations in Democratic Republic of Congo (DRC) thanks in part to a USD 2.5 million grant from the United Nations Capital Development Fund’s (UNCDF’s) MicroLead program.

MICROCAPITAL BRIEF: “Principles for Investors in Inclusive Finance” (PIIF) Created as Separate Work Stream Within United Nations’ Principles for Responsible Investment (PRI); CGAP (Consultative Group to Assist the Poor), Global Impact Investing Network (GIIN) Standards Observed

The Principles for Investors in Inclusive Finance (PIIF) initiative has been created as a separate work stream housed within the United Nations’ (UN) Principles for Responsible Investment (PRI), a set of principles devised in 2005 by 20 institutional investors to encourage investors to incorporate environmental, social and corporate governance (ESG) issues into their internal policies and investment strategies. (As of February 2011, UNPRI has 876 signatory investors). PIIF provides a framework for responsible investment focusing on providing access to finance to poor and vulnerable populations. The seven principles of PIIF and its charter signatories are listed in the February 2011 MicroCapital.org story announcing the launch of the initiative: https://www.microcapital.org/microcapital-special-report-%E2%80%9Cprinciples-for-investors-in-inclusive-finance%E2%80%9D-launched-at-responsible-finance-forum-in-the-hague-netherlands/ [2].

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Signs United Nations-backed Principles for Responsible Development (PRI), Will Promote PRI Through Events in Emerging Markets

International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently signed the United Nations-backed Principles for Responsible Development (PRI), a framework that demonstrates the signatories’ commitment to integrate environmental, social and governance (ESG) factors into investment processes—including those in the microfinance industry.

MICROCAPITAL BRIEF: United Nations (UN) International Fund for Agricultural Development (IFAD) Loans $90m to Tanzanian Government to Boost Rural Microfinance, Private Sector Development

The International Fund for Agriculture and Development (IFAD), an agency of the United Nations, recently announced a USD 90 million loan to the Tanzanian government to strengthen access to finance in rural areas and to promote private sector development through its “Marketing Infrastructure, Value Addition and Rural Finance Support Program”. The loan agreement was signed in Rome by Kanayo F Nwanze, the President of IFAD and Mustafa Mkulo, the Tanzanian Minister for Finance and Economic Affairs.

MICROFINANCE PAPER WRAP-UP: Exploring Linkages: Women’s Empowerment, Microfinance and Health Education; By Lora du Moulin, Jean Pouit, Leyla Sharafi, Aminata Toure, Kai Lashley, Barbara Ryan, Gayle Nelson and Divya Alexander; Published by United Nations Population Fund (UNFPA)

By Lora du Moulin, Jean Pouit, Leyla Sharafi, Aminata Toure, Kai Lashley, Barbara Ryan, Gayle Nelson and Divya Alexander; published by the United Nations Population Fund (UNFPA); design and analysis of study by Research and Applications for Alternative Financing for Development (RAFAD); 2011; 15 pages; available at http://www.unfpa.org/public/home/publications/pid/7262