AfDB Partnership Forum Stefan Nalletamby, 25/03/10.

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Presentation transcript:

AfDB Partnership Forum Stefan Nalletamby, 25/03/10

A few Facts Expand access to financial services Increase financial depth, diversity, and efficiency Strengthen institutional and regulatory capacity 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 Banking is very expensive with high net interest margins despite increasing competition 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 Stakeholder Outreach 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 – Africa Chapter Meeting (04/09) Forum du Club des Dirigeants des Banques et Etablissements de Credit d’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 African Regulators 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 jointly identify potential programmes and project interventions New thematic Donor Working Groups: Agricultural Finance, Domestic Bond Markets, Regional Financial Integration, SME Financing 2010 MFW4A Partnership Forum: Scheduled in Q4 10 Update of Donor Mapping Creation of Donor/Stakeholder thematic Working Groups

Examples of Planned Activities (2) Knowledge Management and Dissemination Abridged Donor Mapping available online Online project portal tool in development Monthly newsletter online Reach out to more Partners for knowledge library Enrol additional eminent FSD specialists for blog Advocacy for Financial Sector Development 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) Agence Française 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, Partnership Coordinator tel: ,