GIF | GIF Project at FOROMIC 2018 will present a study on “Corporate Governance, Technologies and Financial Inclusion”

The Financial Governance and Inclusion Project (GIF) participates in FOROMIC 2018, which is the most important event in the microfinance sector in Latin America and the Caribbean, which takes place from 29 to 31 this month at the Puerta de Oro Center in Barranquilla, Colombia. The forum’s programming will include different activities that will address topics such as innovation, driven by emerging technologies and disruptive business models, which is transforming the concept of inclusion in financial services, entrepreneurship and the development of new skills. Likewise, the organizers have reported that this event will also offer new ways to create networks, experience innovation and establish business contacts in a single collaborative space.

Today, Monday, October 29 at 2:00 p.m., the GIF Project will present the results of an exploratory study that evaluates the incidence of digital transformation in MFIs, especially in relation to the performance of their corporate governments, taking as a sample 50 Institutions of Inclusive Finance (IFI) that the GIF Project accompanied on the date the survey was conducted. The session will be led by Juan Carlos Sánchez, Director of the GIF Project, and in it Carlos Fernández, Spanish consultant, will speak on “Governance and New Technologies. Challenges and Opportunities ”; In the document that will be presented, a very interesting case study is also shown, which is that of Fundación Génesis de Guatemala, for this reason it is that among the exhibitors will also be the Manager of said entity, Edgardo Pérez.

At the end of the event, the GIF Project will deliver Governance Quality Improvement Certificates to some of the IFIs that have concluded the follow-up process. The event will be closed by Fernando Sánchez, CEO of BIM Investments and Sergio Navajas of BID / MIF.

It is important to note that the GIF Financial Governance and Inclusion Project is the result of efforts and financing by the MIF and the Swiss Cooperation (SDC), co-executed by BIM Ltd. The focus of this initiative, which begins in 2015, involves generate tools that strengthen the corporate governance of microfinance institutions in Latin America and the Caribbean (LAC) in a structured way. These tools make it possible to measure and improve governance in MFIs. To achieve this, a team of training consultants (CC) has been certified who are capable of transferring this technology to MFIs in a 12-month personalized accompaniment. There are currently more than 70 accredited CCs residing in 10 countries in the region, with more than 60 MFIs accompanied by the GIF Project in 7 LAC countries. Additionally, the impact that the project is having in the region is being evaluated and different exploratory studies are being carried out that will leave lessons learned and bases for future initiatives.