Accountability for results in this area rests with the UNCDF Microfinance Unit. Some highlights

Net cash from investing and financing

59 246. Role of microcredit and microfinance in the eradication of poverty

61 214. Role of microcredit and microfinance in the eradication of poverty

Recognizing the need for access to financial services, in particular for the poor, including access to microcredit and microfinance,

Mozambique an expansion into phase 2, with an additional province and a new central (policy) component, including additional co financing from Ireland and Switzerland, beyond continuing commitments from the Netherlands and Norway.

(i) We recognize the need for access to financial services, in particular for the poor, including through microfinance and microcredit.

In its resolution 59 246 on the role of microcredit and microfinance in the eradication of poverty, the General Assembly recognized that microcredit and microfinance programmes have led to the growing participation of women in the mainstream economic and political processes of society, as well as the need to create inclusive financial sectors in order to facilitate access for people living in poverty, especially women, to microcredit and microfinance.

Article 13The post amortization cost of a financial asset or financial liability refers to the following result after adjustment of the initially recognized amount of the financial asset or financial liability

It is proposed that the upgraded Fund include a grant element with a view to achieving an overall target of 500 million that would comprise the current revolving facility of 50 million and a grant facility with an eventual target of 450 million.

Recognizing further that the majority of the world's poor still do not have access to financial services and that microcredit and microfinance are the subject of significant demand worldwide,

The gap between the post amortization cost of the financial asset and the amount on the maturity date shall also be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period.

Table 5 Performance by outcome indicator sub goal 2 Microfinance

2. Emphasizes that the observance of 2005 as the International Year of Microcredit will provide a significant opportunity to raise awareness of the importance of microcredit and microfinance in the eradication of poverty, to share good practices and to further enhance financial sector developments that support sustainable pro poor financial services in all countries

Bearing in mind the importance of microfinance instruments, such as credit, savings and other financial products and services, in providing access to capital for people living in poverty,

Bearing in mind the importance of microfinance instruments, such as credit, savings and other financial products and services, in providing access to capital for people living in poverty,

UNCDF has identified the integration of microfinance into the formal financial sector as an effective means of contributing on a sustainable basis to poverty reduction and the achievement of the MDGs.

UNCDF has committed over US 70 million in micro finance.

for other categories of financial assets and financial liabilities, the transaction expenses thereof shall be included into the initially recognized amount.

The amount of the financing will be based in part on the creditor's estimate of the net realizable value of the assets to be encumbered.

Microfinance in poverty reduction challenges in Asia and the Pacific

Performance analysis for sub goal 2 Microfinance

Microfinance and microcredit can be a powerful tool for increasing production, growth and poverty eradication.

Total expenditure for the microfinance sub goal was 17 per cent, with the upward trend in terms of share in total UNCDF expenditure expected to continue in 2005.

Where, upon independent test, the financial asset (including those financial assets with significant single amounts and those with insignificant amounts) has not been impaired, it shall be included in a combination of financial assets with similar risk features so as to conduct another impairment test.

programmes in local development and micro finance and initiate new investments.

Microfinance institutions in South Asia have experimented with various microfinance schemes, such as the provision of credit and savings programmes targeting poor women, the mobilization of voluntary savings, the promotion of self help groups and the involvement of private investment in microfinance.

On January 4th, 2017, Mobike completed D round financing amounting to US 200 million. Investors include Tencent, Warburg Pincus, Ctrip, etc.

(g) Promoting and strengthening micro financing policies and programmes, cooperatives and other employment opportunities

Draft resolutions on the role of microcredit and microfinance in the eradication of poverty (A C.2 59 L.49 and L.64)

Four distinct types of microfinance institutions are operating in the countries of North and Central Asia credit unions, non governmental organization MFIs, commercial banks and microfinance banks.

Debt relief should provide additional resources ODA budgets should not be used to finance bilateral debt relief.

Thematic initiatives would make it possible to attract additional resources from international financial institutions and donor countries.

It is expected that 47 per cent of the required investments will be financed directly by households, and the rest through the private construction and financial sector and public resources.

1. Takes note of the report of the Secretary General on the observance of the International Year of Microcredit, 2005, and on the role of microcredit and microfinance in the eradication of poverty A 61 307.

The specific fund application and the exact percentage of an insurance company's total fund allocated to each of them shall be stipulated by the financial supervision and regulation department.

C. The concept of project finance

In such cases the municipality must pay a correspondingly larger share of the initial financing and the ongoing instalments and interest.

Moreover, the amount of resources involved are of such magnitude that they have overwhelmed the available funds in the international financial institutions despite strong and additional bilateral support for many countries.

(3)The issuer of the financial assets can settle it with a sum which is obviously lower than the post amortization cost

The gap arising from the foreign exchange conversion of a sellable cash financial asset in any foreign currency shall be recorded into the profits and losses of the current period.

The Convention secretariat was seeking additional help in that area from the Global Environment Facility.

With regard to the financial assets with insignificant single amounts, an independent impairment test may be carried out, or they may be included in a combination of financial assets with similar credit risk features so as to carry out an impairment related test.

With the support of the United Nations Capital Development Fund, 11 least developed countries improved their policy and regulatory environment for microfinance, increased the number of borrowers and created viable microfinance institutions that provide quality services in 2004.62 Many other least developed countries (Bangladesh, Benin, Sierra Leone, United Republic of Tanzania, Yemen and Zambia) also undertook concrete measures to create an enabling environment for microcredit and microfinance.

As part of the same approach, UNCDF supported the design of national microfinance strategies in Madagascar, Senegal, and Togo.