Case Study

Report on CIDA's Programming in Microfinance & Microenterprise Development (1998-1999)

A summary of the organisation's activities
Canadian support to microfinance and microenterprise development (MFD/MED) is an important component of CIDA's mandate to support sustainable development in developing countries in order to reduce poverty and to contribute to a more secure, equitable and prosperous worldWithin CIDA's policy framework, MFD/MED figures prominently as a programming mechanism to meet CIDA's priorities - most directly in private sector development, but also in basic human needs, the integration of women in development, human rights, democracy and good governance, the improvement of infrastructure services, and environmental sustainabilityFor the fiscal year 1998-99, CIDA allocated $122.2 million to MFD/MED or about 5% of Canada's International Development Assistance budget. This represented an increase of 20% compared to 1997-98,The geographic branches (Africa and the Middle East, Americas, Asia, and Central and Eastern Europe) allocated over $70 million for 80 MFD/MED projects in 42 countries,These projects provided support to strengthen the enabling environment for microfinance institutions and microentrepreneurs, to build institutional capacity (education, training and skills development) and to provide direct support to microfinance and microenterprise institutions to expand their activities and reach new clientsThe Canadian Partnership Branch programs provided $10.2 million of support to Canadian NGO's and institutions involved in D/MED programming in developing countries and countries in transition,Multilateral branch contributions to the International Financial Institutions (World Bank, Inter-American Development Bank, Asian Development Bank and the African Development Bank) and the International Fund for Agricultural Development represented a further $42 million in MFD/MED programming

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By CIDA
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