The current organizational and strategic issues of the Microfinance sector are at a crucial period of its growth. Thus, the Ministry of Microfinance and Social and Solidarity Economy held a meeting this Friday with its technical and financial partners in order to adopt a collegial approach marked by solidarity, to adapt to a difficult and demanding context, in order to provide adequate responses, lasting solutions, in the face of the multiple and significant challenges facing us.
“It should be emphasized that the holding of this meeting follows one of the strong recommendations made during the 26th Meeting of the National Coordination Committee for Microfinance Activities organized on December 21, 2022, which had strongly encouraged the resumption of the activities of the sub-committee of donors, considered as an essential interlocutor in microfinance and financial inclusion”, justifies the Minister of Microfinance and Social and Solidarity Economy, Victorine Ndeye.
If so far initiatives have been formulated to further boost the sector, the fact remains that the sector faces needs. Moreover, these initiatives have been catalysts in the asserted desire to support populations, often excluded from the traditional financial system, through microfinance, according to the Minister.
However, Victorine Ndeye notes: “Today, out of all these initiatives, we see that only two flagship projects are currently being implemented, PLASEPRI and PROMISE. Even if the sector is showing resilience, thanks to the contribution and the support of the State, in particular during the Covid-19 pandemic, it deserves to be noted that the direct involvement of TFPs would certainly have made it possible to experience a level of more significant development in the face of new challenges and the necessary changes”.
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