The US-based Center for Finance, Law and Policy at Boston University (BU Center) has partnered with CGAP (Consultative Group to Assist the Poor), a US-based nonprofit research and policy center, to create an online repository of materials relating to the regulation of financial inclusion around the world. The resource, which is entitled, Financial Inclusion Guide: A Practitioner’s Resource for Navigating the Financial Inclusion Legal Environment, was known as the Financial Inclusion Regulation Center (FIRC) at the time of its creation by CGAP in 2010. CGAP will maintain an advisory role on the new guide, however it will be managed by the BU Center. Under the university’s leadership, the guide is intended to act as an “industry built resource” to which industry stakeholders can contribute relevant resources, laws, regulations, products, services and technologies related to microfinance and financial inclusion. BU will also be developing and contributing additional materials to help guide users gain a better understanding of financial inclusion. To contribute materials to the guide or to make suggestions, you may contact Neal A. Estey, the center’s associate director, at +1 617 358 6770 or at naestey[at]bu.edu. To access the guide, you may go to: http://www.bu.edu/bucflp/initiatives/financial-inclusion-guide/.
For the fiscal year ending June 2012, CGAP reported total assets of USD 25 million and a budget of USD 22.5 million. The size of the budget for the BU Center is unavailable.
By Lena Phillips, Research Associate
About CGAP (Consultative Group to Assist the Poor)
CGAP (Consultative Group to Assist the Poor) is a US-based nonprofit policy and research center dedicated to providing financial access to poor people worldwide. CGAP is supported by approximately 40 development agencies and private foundations. Its mission is to provide market intelligence, to promote standards and to offer advisory services to governments, microfinance providers, donors and investors. CGAP reported total assets of USD 25 million for the fiscal year ending June 2012 and a budget of USD 22.5 million. CGAP is co-located with the offices of the World Bank Group in Washington DC.
Sources and Additional Resources:
Boston University Center for Finance, Law and Policy, Research Initiatives:“About the Financial Inclusion Guide,” http://www.bu.edu/bucflp/initiatives/financial-inclusion-guide/about-the-financial-inclusion-guide/
“Financial Inclusion Guide: A Practitioner’s Resource for Navigating the Financial Inclusion Legal Environment,” Boston University Center for Finance, Law and Policy, http://www.bu.edu/bucflp/initiatives/financial-inclusion-guide/
MicroCapital.org Article, 26 January 2013: “MICROCAPITAL BRIEF: Social Performance Task Force (SPTF) Calls for Submissions for its Universal Standards Library: Treat Employees Responsibly,” https://www.microcapital.org/microcapital-brief-social-performance-task-force-sptf-calls-for-submissions-for-its-universal-standards-resource-library-treat-employees-responsibly/
MicroCapital.org Article, 16 November 2012: “SPECIAL REPORT: Responsible Microfinance Implementation Action Group Looks to Boost Usage of Existing Tools, Distributes Template of Covenants for Investors to Attach to Loans to Microbanks,” https://www.microcapital.org/special-report-responsible-microfinance-implementation-action-group-looks-to-boost-usage-of-existing-tools-distributes-template-of-covenants-for-investors-to-attach-to-loans-to-microbanks/
MicroCapital Universe Profile: CGAP (Consultative Group to Assist the Poor), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CGAP+%28Consultative+Group+to+Assist+the+Poor%29
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: G20, SME Finance Forum Showcase Digital Finance Solutions for MSMEs Via Online Database, Seek Submissions
- MICROFINANCE PAPER WRAP-UP: “Climate Risk and Financial Inclusion: A Regulatory Perspective on Risks and Opportunities;” by Peter Knaack, Peter Zetterli
- MICROFINANCE PAPER WRAP UP: “Women Agents for Financial Inclusion: Exploring the Benefits, Constraints and Potential Solutions,” by Emilio Hernandez et al, Published by CGAP
- SPECIAL REPORT: e-MFP Launches the Green Map, a Pioneering Resource to Address an Information Gap in Green Inclusive Finance
- MICROCAPITAL BRIEF: Women’s World Banking Offering 5-month Leadership Program for Regulators
