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November 21, 2005


WOCCU Participates In UN Meeting on Building Inclusive Financial Sectors

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New York, NY – At the invitation of the United Nations (UN), World Council of Credit Unions, Inc. (WOCCU) participated in the closing conference of the UN's Year of Microcredit, November 7-9, 2005. WOCCU is particularly interested in ensuring that the UN's forthcoming "blue book," which is intended to provide policy guidance to governments in developing markets on how to create an enabling environment to ensure broader access to financials services, appropriately recognize the role credit unions can and do play in building inclusive financial sectors. In addition to participating in this closing meeting, WOCCU representatives provided several briefings to UN officials throughout the year, participated in selected stakeholder interviews with the UN officials, and will be reviewing the draft document before its publication. WOCCU was represented at the UN meeting by Dave Grace, WOCCU Senior Manger of Association Services.

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 103 countries serve 208 million people. Learn more about World Council's impact around the world at www.woccu.org.

 



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