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Finance Minister Underlines State’s Concern With Microfinance Programs

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The Minister of Finance and Economic Planning Badr-Eddin Mahmoud has affirmed state’s concern with the integration of microfinance projects into the economic programs, projects and activity of the state as well as the development of the microfinance regulatory framework.

The Minister of Finance added, when he addressed the Third Microfinance Forum Thursday at the Friendship Hall, organized by the Ministry of Social Welfare and Security under the auspices of the First Vice-President of the Republic Lt. Gen. Bakri Hassan Salih under the slogan: Productive Security Networks to Consolidate Progress), his ministry endeavored to diversify the institutions as well as the development of collateral formats, mudarabah (speculation), Musharakah (partnership) and other formulas that could increase funding opportunities and raise guarantees, referring to the expansion of microfinance umbrellas, focusing on training of microfinance officers and concern with the small-scale producers.

For more on this story visit the following link: Finance Minister Underlines State’s Concern With Microfinance Programs

Source: All Africa

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