Yemen network for microfinance to be set up

SANA'A, Aug. 24 (Saba)- Social Fund for
Development (SFD) and United Nation Development Program (UNDP) have held a meeting
here
to establish Yemen network for microfinance in Yemen The meeting attended by
representatives of programs and microfinance institutions in Yemen aimed at
announcing this qualitative
network and discussing its basic system as well as choosing the members of its board
of directors.
Establishing this network comes within executing the national strategy for
microfinance aiming at developing this industry.
The network is entrusted to provide the necessity technical assistance and to build
the abilities of the microfinance foundations' cadres as well as setting up and
supporting
a center for exchanging information, experiences, and techniques on this industry.
The goals of the network focus on adopting the best international practices to
increase the accountability and good governance in the concerned institutions as
well as diversifying
the products and services presented in this vital economic sector.
MD/BA