Role of Microcredit and Microfinance in the Eradication of Poverty

A/RES/61/214No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 57aImplementation of the 1st United Nations Decade for the Eradication of Poverty (1997-2006), published in 2007.

What other versions does this mandate have?

3 versions · 2005–2009

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

2009A/RES/63/229Role of microcredit and microfinance in the eradication of povertyLatestCompare with previous version
2007A/RES/61/214Role of microcredit and microfinance in the eradication of povertyCompare with previous version
2005A/RES/59/246Role of microcredit and microfinance in the eradication of poverty

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What subjects does this mandate have?

16 topics

Bretton Woods Institutions Capacity Building Data Collection Developing Countries Donor Countries Entrepreneurship Financial Services Gender Equality Information Dissemination International Years Microcredit Poverty Mitigation Report Preparation Socially Disadvantaged Persons Statistical Data Women's Advancement

Which reports were submitted under this mandate?

1 report of the Secretary-General submitted under this mandate, 2008.

2008A/63/159Role of microcredit and microfinance in the eradication of poverty report of the Secretary-General

Identified automatically from the metadata in each report’s UN Digital Library catalogue record.

What does this mandate say?

8 operative paragraphs

Takes note of the report of the Secretary-General on the observance of the International Year of Microcredit, 2005, and on the role of microcredit and microfinance in the eradication of poverty;

Welcomes the successful observance of the International Year of Microcredit, 2005, which constituted a special occasion to raise awareness and share best practices and lessons learned on 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, in particular the goals relating to poverty eradication, gender equality and the empowerment of women;

Notes the lack of relevant statistical data on inclusive financial sectors, in particular microcredit and microfinance programmes, in particular at the national and regional levels, and in this regard invites the international community, in particular the donor community, to support developing countries in collecting and preserving necessary statistical data and information on this issue, specifically on defining and measuring access to financial services and products at the country level and measuring the type, quality and usage of such services and products over time;

Calls upon Member States, the United Nations system and other relevant stakeholders to fully maximize the role of microfinance tools, including microcredit for poverty eradication and especially for the empowerment of women, and to ensure that best practices in the microfinance sector are widely disseminated;

Calls upon Member States, the United Nations system, the Bretton Woods institutions and other relevant stakeholders to support, in a coordinated manner, the efforts of developing countries in capacity-building for microcredit and microfinance institutions, including by improving their policy and regulatory framework;

Invites Member States to consider adopting 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 access to sustainable 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;

Requests the Secretary-General to submit to the General Assembly at its sixty-third session a report on the implementation of the present resolution, under the item entitled “Eradication of poverty and other development issues”.

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Who created this mandate?

What other versions does this mandate have?

What subjects does this mandate have?

Which reports were submitted under this mandate?

What does this mandate say?

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