Yesterday and part of the French presidency of the G20 held an event in the Senate exeptionnel: the G20 conference on Micro Finance . In inititation Bank of France, and a bit like the recent e-G8 for the Internet, it was a first than to include in the work of the G20 about a conference dedicated the Micro Finance. The work of the G20 group already had a Muhammad Yunus - photo Eric Couderc work on financial inclusion, here they are now completed a thorough examination of the development and future activities of microcredit and microfinance in the world. Introduced by Jean Arthuis, yesterday's event, come and spend complete assignments of work and reflections occurred early in June, led the writing of twenty recommendations to member states on measures to be taken to better regulate and harmonize the ecosystem of these beautiful instruments of development. The recent crises in India and elsewhere have shown how important it is that governments as well as field workers take the time and the necessary perspective to the analysis of some deviant situations.
For enthusiasts of the subject it is in the Senate need to be yesterday, much of the world gratin was present, led by Professor Yunus, the great witness of the conference, and have succeeded to the podium in all those with sector, representatives of major micro-finance Institutions designated as the Cambodian qu'Akleda, Enda the tunsienne, Accion American Indian or Basix. but also about twenty French central bankers and Maria Nowak (ADIE), Jacques Attali (PlanetFinace) or Dov Zerah (Director General of AFD). The major global players in the regulation, consulting and financing were also sent their representatives. Tolal to forty players for a comprehensive pannorama the subject. Babyloan second global platform of solidarity microcredit, was also ...
The exchange of the day and the preparatory work has emphasized the role social role of microfinance as well as its enormous potential. Three major challenges have been prepared for field players and regulators: the challenge of financial sector stability, the access to resources, including local photo Eric Couderc to ensure its development and the challenge of the necessary balance between social and financial inclusion.
The work of the conference led to the writing of a score of specific proposals that will be distributed to delegations of the G20 and B20 so that they can be part, hopefully, the work of our Heads of State at the Cannes summit in November.
For if it is a message we will remember this day is that of a social finance, direct and efficient, which is comparable to traditional finance which we have suffered abuse in recent years. Professor Yunus himself embodies quite well the thought of all those involved in develoloppement, "aujourdh'ui, microfinance is a tool at the margins of global finance, why does not she become the reference of the funds in that 'she humanist, finance has become an industry in the service itself, while microfinance is a tool for man "nothing to add, everything is said!