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March 22, 2006

WOCCU Co-hosts E-Conference on Money Transfers with CGAP

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From February 27 to March 3, 2006, the World Council of Credit Unions (WOCCU), the Consultative Group to Assist the Poor (CGAP) of the World Bank, the Inter-American Development Bank (IADB)/Multilateral Investment Fund (MIF) and the International Fund for Agricultural Development (IFAD) held an e-conference on money transfers for microfinance institutions. The aim of this virtual conference was to help microfinance institutions make strategic and operational decisions on international and domestic money transfers and to generate input for the forthcoming Money Transfer Operational Guide for microfinance institutions (MFIs) developed by CGAP.

Dave Grace, Senior Manager of Association Services WOCCU, served as the facilitator for the conference in which more than 200 people from over 20 countries subscribed to the discussion. The key findings that emerged from the five-day discussion are:

For more information please visit the conference website at: http://www.dgroups.org/groups/worldbank/moneytransfers/

World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.


Phone: (608) 395-2000
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