Support program for the cooperative financial sector in Asia Country: Indonésie, Philippines, Sri Lanka, Viêt Nam
- Canadian International Development Agency (CIDA) / Partnerships with Canadians Branch
Project Implementation Partners
- National Confederation of Co-operatives (NATCCO), Philippines
- Association of Asia Confederation of Credit Unions (ACCU)
- Vietnam Association of People’s Credit Funds (VAPCF), Vietnam
- SANASA Development Bank, Sri Lanka
The objective established by DID and its partners is to ensure the viability of cooperative networks in the region in order to maintain quality community-based financial services, which are essential to the economic development and the improvement of living conditions of the intended populations. The financial cooperatives inAsiaare essential as an alternative to usurers and are facing the challenge of raising their level of credibility in order to increase their socio-economic impact, demonstrate their financial soundness for safeguarding member wealth and adjust to regulatory requirements in the sector. The support provided by DID is aimed, therefore, at assisting partners in their efforts to arrive at organizational permanency.
To achieve this goal, DID intends to focus on strengthening governance within the partner institutions through the development and deployment of tools, the training of key personnel and by introducing and strengthening specific mechanisms for safeguarding deposits and sound management of liquidities. The general strategy for the project is complemented by a theme focused on capacity building in which various action levers will be made available to help strengthen the competencies of administrators, employees and managers.
Based on a method of sharing skills and coordinating efforts, DID is taking a national approach based on intercooperation among the various units involved. Moreover, the inclusion of an association as partner (ACCU) in the project will stimulate the dynamics of regional interaction among the networks.