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AfDB Partnership Forum Stefan Nalletamby, 25/03/10. A few Facts. Less than 20% of A frican households have access to financial services Less than 30% of bank lending in Africa goes to the private sector vs. 60% in South Asia
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AfDB Partnership Forum Stefan Nalletamby, 25/03/10
A few Facts • Lessthan 20% of Africanhouseholds have access to financial services • Lessthan 30% of banklending in Africa goes to the privatesector vs. 60% in South Asia • Bankingisveryexpensivewithhigh net interestmarginsdespite • increasingcompetition • Expand access to financial services • Increase financial depth, diversity, and efficiency • Strengthen institutional and regulatory capacity Challenges
Our Mission • Bring together African governments, development partners and the private sector to unleash the potential of African financial sectors Our Objectives • Improve coordination of Financial Sector Development (FSD) activities among donors • Improve access to information and knowledge sharing on FSD issues • Promote country and region-led FSD projects • Build FSD awareness
Our Tools • Donor Coordination and Stakeholder Outreach • Knowledge Management and Dissemination • Advocacy for Financial Sector Development
Examples of Achievements (1) Donor Coordination and StakeholderOutreach • Joint AU/MFW4A document « Advancing the African Microfinance Sector » endorsed by Council of MoF 12/09, presented to Heads of State AU (02/01) • MFW4A Book II Project, undertaken by AfDB, GTZ and World Bank , following MFW4A Partnership Retreat 10/09 • Identified potential joint interventions and follow up diagnostic work following Financial Capability Forum (09/09) and Regional Financial Integration Workshop (12/09) • Established « thematic » Donor Working Groups in Remittances and Access to Finance • Donor Mapping of FSD interventions (over 600 projects catalogued)
Examples of Achievements (2) Knowledge Management and Dissemination • Partnership website to go live next month • Knowledge hub: divided into themes encompassing studies, diagnostics, publications and documents on FSD with links to relevant partner and country authorities’ websites • Country hub: financial sector profiles for all 53 countries with a set of key FSD indicators and links to country authorities • Partnership news section: original news content on themes relevant to MFW4A’s work • Tailored Newsfeed service: a selection of focused news materials produced by African and international news agencies • A blog: the Africa Finance Forum where prominent African and non regional financial sector specialists discuss financial sector issues
Examples of Achievements (3) Advocacy for Financial Sector Development • World Savings Bank Institute – AfricaChapter Meeting (04/09) • Forum du Club des Dirigeants des Banques et Etablissements de Creditd’Afrique (06/09) • Alliance For Financial Inclusion Policy Forum (09/09) • US-Africa Business Summit (09/09) • 2nd International Workshop on Implementing the G-8 Action Plan (11/09) • 4th African Economic Conference (11/09)
Examples of Planned Activities (1) Donor Coordination and Stakeholder Outreach • AfricanRegulators Workshop: Encourage Regional dialogue on Banking Supervision and implementation of international standards • MFW4 Ethiopia Workshop: Following Government endorsement of recommendations within AfDB funded Financial Sector diagnostic, engage with donor partners • SADC Regional Financial Integration Workshop: Donors and stakeholders to jointlyidentifypotential programmes and project interventions • New thematicDonorWorking Groups: Agricultural Finance, Domestic Bond Markets, Regional Financial Integration, SME Financing • 2010 MFW4A Partnership Forum: Scheduled in Q4 10 • Update of DonorMapping • Creation of Donor/StakeholderthematicWorking Groups
Examples of Planned Activities (2) Knowledge Management and Dissemination • AbridgedDonorMappingavailable online • Online project portal tool in development • Monthly newsletter online • Reach out to more Partners for knowledgelibrary • Enroladditionaleminent FSD specialists for blog Advocacy for Financial SectorDevelopment • AfDB Annual Meetings • Association of African Central Banks (AACB) Seminar and Annual Meeting • Alliance for Financial Inclusion Forum
Our Donor Partners • The African Development Bank (AfDB) • AgenceFrançaise de Développement (AFD) • The Consultative Group to Assist the Poor (CGAP) • The German Federal Ministry for Economic Cooperation and Development (BMZ) • The UK Department for International Development (DfID) • The European Investment Bank (EIB) • The FIRST Initiative • The International Monetary Fund • The Ministry of Foreign Affairs of the Netherlands (MinBuza) • The US Agency for International Development (USAID) • The Swedish Agency for International Development (Sida) • The World Bank Group (WB) Don’t hesitate to join us!
Thank you Stefan Nalletamby, PartnershipCoordinators.nalletamby@afdb.org, tel: 216-7110-2700, www.mfw4a.org