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Building an Inclusive Financial Sector in Azerbaijan

Building an Inclusive Financial Sector in Azerbaijan. Mix Market Role in Improving Financial Reporting, Standards and Disclosure. 3 rd Azerbaijan Micro-finance Conference Baku, Azerbaijan May 26-27, 2006. Enabling Industry Transparency - MIX’s Role.

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Building an Inclusive Financial Sector in Azerbaijan

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  1. Building an Inclusive Financial Sectorin Azerbaijan Mix Market Role in Improving Financial Reporting, Standards and Disclosure 3rd Azerbaijan Micro-finance Conference Baku, Azerbaijan May 26-27, 2006

  2. Enabling Industry Transparency - MIX’s Role “Enabling Industry Transparency” means bringing all the work together: • Train MFIs on reporting standards to increase the quality, volume, & freshness of information. • Establish performance monitoring to build a solid basis for performance comparisons & sector analyses. • Disseminate data to encourage public understanding of standards & sector performance. • Keep data flowing, keep it as fresh as possible

  3. Enabling Industry Transparency - MIX’s Role • Reduce key information constraints: • Reliabilty • Timeliness • Comparabilty • Availability • Through two primary services: • The MIX Market • The MicroBanking Bulletin (MBB)

  4. Enabling Industry Transparency - MIX’s Role MIX Market (www.mixmarket.org) • Project your bank’s image & performance • Demonstrate commitment to transparency • Prospect for potential investors/funders • Reduce reporting burden • Identify MFI networks, raters & other service providers • Compare your MFI’s performance to others

  5. Enabling Industry Transparency - MIX’s Role Participate in MicroBanking Bulletin (MBB) • Benchmark your performance under internationally accepted microfinance standards • Compare with other MFIs both locally & internationally • Receive Customized Performance Reports

  6. Enabling Industry Transparency - MIX’s Role Customized Performance Reports (CPR) • For all MFIs that submit complete data to MIX for inclusion in the MBB benchmarks database • Essential tool allowing managers & board members to view performance relative to benchmarks • Explains adjustments made to data & defines peer group classifications & members • Kept strictly confidential unless you make them public

  7. MIX Market “Diamond” System The higher the number of diamonds, the higher disclosure level.

  8. Azerbaijan MIX Market Participants

  9. Thank You ! To participate in the MBB or MIX Market * Complete questionnaires available online at www.mixmarket.org, & return them by email, fax, or regular mail, or * Contact MIX for more information, at E-mail info@themix.org fax 001-202-659-9095 phone 001-202-659-9094, x225

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