African Development Bank Group in collaboration with Government of Spain established the Microfinance Capacity Building Fund (MCBF) for scaling up capacity building efforts of the financial sector in rural Africa. The fund is inviting applications for innovative projects that increase transparency within the Microfinance Sector.
The Fund will specifically focus on improving transparency at the level of the MFIs governance, training auditors to work with financial intermediaries in the microfinance sector, supporting MFIs in getting appropriate external audit services and supporting the design of low cost business models.
MCBF will provide support for national projects as well as multi-country projects in West African Economic Monetary Union (WAEMU): Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
Microfinance Focus, July 20, 2011