GIF | Governance of Inclusive Finance Institutions will be strengthened

In order to promote the strengthening of good corporate governance practices in inclusive finance institutions, in addition to promoting the soundness and sustainability of microfinance activity in the country, the Association of Microfinance Institutions of Peru (Asomif Peru) has been developing a specialized forum on the subject.

This initiative will have the support of international organizations such as the Inter-American Development Bank (IDB) and the Swiss Agency for Development and Cooperation (known in Spanish as Cosude).

The promotion of financial insertion in clients from vulnerable and low-income populations, the adoption of new standards and good governance practices in microfinance institutions in Peru and Latin America, are the central issues.

The forum will be held between April 18 and 22 in order to define the Institutional Governance and Greater Financial Inclusion (GIF) project.

On this occasion, 25 specialists from the Peruvian and Latin American financial sector will receive talks from the GIF project, financed by the IDB and the Cosude, focused on the application of a series of tools aimed at the successful implementation of solid corporate governance and the formation of experts in the use of management tools for the microfinance sector.

In this regard, and with the support of Asomif Peru, a strategic partner of the GIF project, Peru is the headquarters of the third stage of this regional initiative of international cooperation that also has the support of the Multilateral Investment Fund, INCAE Business School, the international business school of Latin America, and the company BIM, an investment manager with extensive international experience.

Regarding the GIF project workshop, which had, on its opening day, as a speaker the specialist Martín Auqui, general mayor of microfinance of the Superintendency of Banking, Insurance and AFP (SBS); and Jorge Arias Torres, general manager of Asomif Peru.

Another of the event organizers, Juan Carlos Sánchez, director of the GIF project, reflected on the leading role that Peru has at the inclusive finance level and on the benefits of the IDB and Cosude initiative.

In this sense, the expert of Bolivian origin said that: “the GIF project has great expectations in Peru, which is one of the iconic nations in the world of microfinance, and in the sustainability and financial inclusion tools that the initiative involves. ”.

It should be borne in mind that the GIF project is an initiative that seeks to contribute to the improvement of the governance of institutions that serve vulnerable and low-income populations in Latin America and the Caribbean.

It is based on the design of governance tools tailored to each country, on the training of consultants, on the generation of knowledge and on intensive work with accreditation centers, training and specialists in South America.