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> Posted by Miranda Beshara and Natasha Tynes, Editorial Team, CGAP Arabic Microfinance Gateway

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Microfinance in the Middle East and North Africa (MENA) is currently facing a number of challenges that are stifling its growth. On November 19, we attended the Governance Working Group (GWG) call on governance challenges in microfinance institutions (MFIs) in the Arab region organized and hosted by Accion’s Center for Financial Inclusion (CFI). A total of 11 participants representing global MFI governance expertise and initiatives discussed key governance challenges facing MFIs in the region – many of which we captured for the CGAP Arabic Microfinance Gateway while live tweeting from the call.

Several of the call participants were recently engaged in the provision of technical assistance to MFI boards in the Arab region. Karla Brom, a financial consultant, gave a corporate governance workshop at Sanabel’s tenth annual conference. She noticed that risk management and its relation to governance is a key challenge facing the sustainable growth of many MFIs in the region.

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> Posted by Center Staff

The Smart Campaign’s newly launched Arabic-language site is the latest in a suite of websites that offers the message of client protection to the world’s 2.9 billion speakers of English, Spanish, Arabic, Russian and French.

“Arabic has hundreds of millions of native and non-native speakers in the MENA region and beyond, so we’re pleased to offer them the Smart Campaign’s message in this straightforward way,” said Smart Campaign Director Isabelle Barrès. “The MasterCard Foundation, which supports this work, has our great thanks, as does Sanabel, the Microfinance Network of Arab Countries, for their help.” Read the rest of this entry »

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The views and opinions expressed on this blog, except where otherwise noted, are those of the authors and guest bloggers and do not necessarily reflect the views of the Center for Financial Inclusion or its affiliates.