Leading Microfinance and Impact Fund Managers Sign an MOUon Debt Refinancing Coordination Principles to Support the Sector During the COVID-19 Pandemic

BlueOrchard, Developing World Markets, Incofin, Microvest, Oikocredit, responsAbility, Triodos IM, Triple Jump and Symbiotics have signed a Memorandum of Understanding (MoU) for coordination in response to COVID-19. Together, these nine investment originators and fund managers in impact investing have about $15 billion of assets under management, invested in more than 80 emerging and frontier markets across Africa, Asia, Eastern Europe, Middle East, Caucasus, Central Asia and Latin America.

Measures taken locally to reduce the spread and impact of COVID-19 can affect clients, operations and liquidity of Microfinance and SME finance institutions. The MoU aims to coordinate efforts in the provision of ongoing refinancing in a responsible manner, thereby enabling these institutions to adequately respond to temporary changes in business conditions.