Role of Microcredit and Microfinance in the Eradication of Poverty

A/RES/59/246View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 89a Implementation of the 1st United Nations Decade for the Eradication of Poverty (1997-2006), published in 2005.

What other versions does this mandate have?

3 versions · 2005–2009

This is an older version — the most recent is A/RES/63/229

Year	Symbol	Title	Word length	Text similarity
2009	A/RES/63/229	Role of microcredit and microfinance in the eradication of poverty	1,074	57%Compare
2007	A/RES/61/214	Role of microcredit and microfinance in the eradication of poverty	745	28%Compare
2005	A/RES/59/246	Role of microcredit and microfinance in the eradication of poverty	877	–

Which reports were submitted under this mandate?

3 reports · 2006–2010

Year	Symbol	Title	Mandate resolution
2010	A/65/267	Role of microcredit and microfinance in the eradication of poverty report of the Secretary-General	A/RES/63/229
2008	A/63/159	Role of microcredit and microfinance in the eradication of poverty report of the Secretary-General	A/RES/61/214
2006	A/61/307	Observance of the International Year of Microcredit, 2005 report of the Secretary-General	A/RES/59/246

What subjects does this mandate have?

17 subjects

Budget Contributions Civil Society Conferences Development Assistance Empowerment Financial Services Gender Equality International Decades International Years Microcredit Non-Governmental Organizations Poverty Mitigation Private Sector Programme Implementation Public Information Report Preparation Women

What’s in this document?

10 operative paragraphs

Takes note of the report of the Secretary-General on the implementation of the first United Nations Decade for the Eradication of Poverty (1997–2006) and preparations for the International Year of Microcredit, 2005;²

²A/59/326 and Add.1.

Welcomes the launching of the International Year of Microcredit, 2005;

Emphasizes that the observance of 2005 as the International Year of Microcredit will provide a significant opportunity to raise awareness of the importance of microcredit and microfinance in the eradication of poverty, to share good practices and to further enhance financial sectors that support sustainable pro-poor financial services in all countries;

Recognizes the importance of scaling up microcredit and other microfinance instruments, using the Year as a platform to find ways of enhancing development impact and sustainability through the increased dissemination of data and sharing of best practices and lessons learned among microcredit and microfinance institutions, and welcomes the ongoing efforts of United Nations regional organizations, funds, programmes and specialized agencies responsible for operational activities related to development in promoting microcredit and microfinance institutions, inter alia, supporting the development of entrepreneurship;

Reiterates its invitation to Member States, relevant organizations of the United Nations system, non-governmental organizations, the private sector and civil society to collaborate, including through making voluntary contributions, in observing the Year, to raise public awareness and knowledge about microcredit and microfinance;

Recognizes that access to microcredit and microfinance can contribute to the achievement of the goals and targets of major United Nations conferences and summits in the economic and social fields, including those contained in the United Nations Millennium Declaration,³ in particular the goals relating to poverty eradication, gender equality and the empowerment of women;

³See resolution 55/2.

Invites Member States to consider undertaking policies to facilitate the expansion of microcredit and microfinance institutions in order to service the large unmet demand among poor people for financial services, including the identification and development of mechanisms to promote sustainable access to financial services, the removal of institutional and regulatory obstacles and the provision of incentives to microfinance institutions that meet national standards for delivering such financial services to the poor;

Also invites Member States to consider developing and promoting regulatory guidance and standards to ensure effectiveness in management, financial reporting, internal auditing, domestic supervision and accountability among microfinance institutions;

Decides to devote one plenary meeting at its sixty-first session to the consideration of the outcome of and follow-up to the International Year of Microcredit, with a view to broadening and deepening the discussion about microcredit and microfinance;

Requests the Secretary-General to prepare a report on the observance of the International Year of Microcredit, 2005, and on the implementation of the present resolution, and to submit it to the General Assembly at its sixty-first session under the item entitled “Implementation of the first United Nations Decade for the Eradication of Poverty (1997–2006)”.

Who adopted this document and its mandates?

What other versions does this mandate have?

Which reports were submitted under this mandate?

What subjects does this mandate have?

What’s in this document?

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