Welcome to the World Bank’s Center of Excellence on Cooperative Financial Institutions (CFIs). The Center aims to foster the exchange of concrete experiences, research and resources between CFI professionals related to the oversight, regulation, modernization, and strengthening of these social enterprises.
On October 14, 2020, the World Bank in partnership with the Rabo Foundation held a panel discussion on Deposit insurance for financial cooperatives: expectations and experiences in their establishment and operation.
Webinar materials include
1. A video recording of the event
2. Panelists power point presentations:
3. After-event Q&A (on-going)
Digitization of CFIs: Key Enablers and Examples from Rabo Foundation by Albert Boogaard and Rubiga Sivakumaran
by Perlat Sulay - CEO FED invest (Albania)
by Juan Buchenau and Carlos Cuevas
The mandatory shutdown of businesses and disruptions in supply chains caused by COVID-19 have taken a toll on the activities carried out by cooperative financial institutions (CFIs)— which are crucial providers of financial services to low- to middle-income households and small and medium-sized enterprises (SMEs), and which have a large rural presence in many developing countries. Even though rural areas seemed to be spared from the virus’s first wave, they are severely impacted by the economic distortions on demand—and in some cases, exports—associated with the pandemic.
CFI supervisors from Kenya and Mexico and CFI representatives from Albania and India had an opportunity to discuss some specific challenges faced by CFIs during a webinar organized earlier in July by the World Bank CFI Center of Excellence in partnership with Rabobank Foundation. More..
As we’re writing this, there are officially over 150,000 COVID-19 cases in Mexico, where BFA Global and MetLife Foundation have launched FinnSalud, a 3.5-year program focused on financial health, helping cooperatives and their members withstand the impacts of the pandemic. During this crisis, financial service providers (FSPs) focusing on low- to moderate-income populations are particularly vulnerable due to increasing liquidity constraints and have critical roles to play to help clients weather the storm. Read more
This interactive dashboard is being provided by CGAP. It allows to explore the publicly available results of the CGAP Pulse Survey of Microfinance Institutions. Launched on 1 June 2020 and conducted every two weeks, the survey provides a high-level picture of how COVID-19 is impacting the microfinance sector at the global, regional, and national levels. The most recent wave of the survey ended 7 July 2020 and included 280 MFIs, including 50 financial cooperatives. The results can be filtered by charter of institution, allowing to get a more detailed view for each charter, including the financial cooperatives. Microfinance providers are encouraged to participate in the current wave, which takes just 15 minutes to complete. Read more
All members are encouraged to share their knowledge and best practices on cooperative financial instititions in the ‘Discussion’ section. Please note that comments on this website solely reflect individuals’ points of view.