Private Sector and Mcrofinance Vertical Development Initiatives私营部门和小额信贷的垂直发展倡议.pptVIP

Achievements to-date Joint preparation process from September 2009 with AfDB as lead partner, involving Oversight Committee, Focal Point, Advisory Panel Instruments designed: Guarantees Partial loan guarantees: guarantees provided to lenders to cover part of the net losses incurred on SME loans. Delivered through a portfolio approach Portable guarantees: letters of guarantee commitment issued to lenders to raise long-term finance for SMEs. To translate into loan guarantees Capacity development support For financial institutions: TA to enhance lenders’ ability to do business with SMEs For SMEs: TA to improve borrowers’ business management skills Major Thrusts Expected capital at start-up: USD 40 million Envisaged capital after 5 years: USD 300 – 500 million New partners needed to reach this: Donors for junior/first-loss capital Development finance institutions for mezzanine capital Private investors and foundations for senior capital Initial countries of operation: Cameroun, Ghana, Kenya, Mali, Mozambique, Senegal, Tanzania, Uganda and Zambia. Gradual roll-out to all African countries Objectives Targets for 2010 Registration of company expected in 2nd half 2010 Set-up of AGF office with CEO and key staff: 2nd half 2010 First guarantees signed: Before end 2010 Capital increases and new partners : From 2011 onwards Coming Initiatives Microfinance Capacity Building Trust Fund Background July 2009: establishment as a bilateral trust fund in Partnership with the Government of Spain Oct – Dec 2009: Implementation guidelines, three year business plan and first annual work plan were drafted. UNCDF expressed interest in joining the Fund Partners designed Liberia intervention program Action Plan Finalization and Board approval of Multi-donor Framework Map interventions for activities after Liberia program is underway First activities in Liberia undertaken and disbursed Launch of an Inclusive Financial System - Liberia Financial inclusion identified as key objective by A