International Year of Microcredit

International Year of Microcredit is a special event of the United Nations which took place in the year 2005. The event highlighted microfinance as an instrument for socioeconomic development.

The event was launched on November 18, 2004.

Goals

The United Nations Economic and Social Council proclaimed the year 2005 as the International Year of Microcredit to call for building inclusive financial sectors and strengthening the powerful, but often untapped, entrepreneurial spirit existing in communities around the world.

There are five goals associated with "The Year" which are:

  1. Assess and promote the contribution of microfinance and microcredit to the MDGs;
  2. Increase public awareness and understanding of microfinance and microcredit as vital parts of the development equation;
  3. Promote inclusive financial sectors;
  4. Support sustainable access to financial services, and
  5. Encourage innovation and new partnerships by promoting and supporting strategic partnerships to build and expand the outreach and success of microcredit and microfinance.
gollark: What?
gollark: I mean, I think people can get used to a lot of things with sufficient time.
gollark: The amount of often-conflicting ones is not really a point in their favour.
gollark: Again, popular ≠ good.
gollark: > That's like saying: Rules are bad and should be disregarded. Ethics are an important thing.You have not actually justified this, so it's basically circular.> We use ethics the entire time, disregarding ethics would mean disregarding schools of thoughtPopular/widely used things are not necessarily good.

See also
  • United Nations International Years
  1. Official webpage. Text used with permission.
  2. International Year of Microcredit 2005
  3. International Year of Microcredit, 2005
  5. [UN Declares 2005 The International Year of Microcredit. (n.d.). Retrieved October 21, 2017, from http://www.globalization101.org/un-declares-2005-the-international-year-of-microcredit-2/]
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.