Since Monday, April 28, a three-day workshop dedicated to the examine of microfinance within the Republic of Benin. The opening ceremony was chaired by Gérard Gbenonchi, president of the finance and commerce committee, representing the president of the Nationwide Meeting, Louis Vlavonou.
The initiative goals to permit parliamentarians to raised perceive the challenges, improvements and implications of the long run laws. This invoice updates a legislative framework in place since 2012, judged right now out of step with the financial and social developments of the nation.
Throughout his speech, Gérard Gbenonchi recalled that microfinance is now not a easy mechanism of granting credit, however an important lever of financial and social improvement, particularly for girls, younger folks and actors within the rural world. In accordance with him, a contemporary authorized framework is crucial to ensure entry to fundamental monetary companies and strengthen the struggle in opposition to poverty.
Confronted with the challenges that the sector goes via the sector-financial viability, institutional governance, innovation and nationwide coverage-the West African Financial and Financial Union (UEMOA) adopted, in December 2020, a brand new uniform regulation to manage microfinance. Benin intends to transpose this textual content to make sure higher governance of decentralized monetary establishments.
The director basic of the Nationwide Company for the Surveillance of Decentralized Monetary Companies (ANSFD), Philippe Dahoui, harassed that this workshop will enable to deepen data of present texts, to establish the insufficiencies noticed and to applicable the brand new authorized instruments for an efficient transition to a extra resilient sector.
For 3 days, individuals will profit from shows and interactive exchanges led by consultants from the Ministry of Economic system and Finance, in addition to the Ansfd. The target is to strengthen the capacities of deputies to assist a decisive reform, geared toward making microfinance an inclusive progress engine.
