On Wednesday 8 June 2016, ADA will be holding a "Midi de la Microfinance" event directly concerning Luxembourg, with a focus on microfinance investment funds.
Nearly 50% of the global assets of microfinance investment funds are now housed in the Grand Duchy, presenting a challenge for the financial centre in terms of jobs, expertise, assets as well as image. To speak of a Microfinance Investment Vehicle (MIV) is to show finance in a different, more positive light.
At a time when bond yields are falling, MIV have combined return on investment and social commitment, meaning that the growth of these funds is accelerating. Yet challenges still remain in these young funds which bring to Microfinance Institutions (MFIs) the foreign exchange necessary for their growth.
Certain areas such as India, Cambodia and Central Asia have a concentration of assets. MFIs which are sufficiantly large to have credit are few and far between, whilst funds available to allocate are increasing. It will therefore be questions linked to the market and the functioning of these products, their development and short- and long-term trends which will be addressed at Wednesday's event entitled "Microfinance Funds - Challenges and Opportunities of Socially Responsible Investing".
The event will be held from 12:00 to 14:00 at the Banque de Luxembourg. For more information and to register, click here.
Image by ADA
