Reported by Gov of Liberia….
Liberians urged to utilize micro-finance as the tool to development
Tuesday, November 3, 2009

The National Program Officer of the United Nations Capital Development Funds (UNCDF) says micro-finance is a tool that can be used to reduce poverty, and achieve economic development.

Madam Angelica Brown said Liberia cannot achieve economic development without vibrant micro-finance institutions which the UNDP and UNCDF have ensured that they are institutionalized.

Madam Brown said UNCDF is committed to empowering micro-finance institutions in their quests to improve the living standard of the Liberian people.

Madam Brown spoke Friday at the end of a five-day micro-finance business planning training workshop, organized by UNDP, and UNCDF in collaboration with the Central Bank of Liberia.

Also speaking, UNDP’s Technical Advisor on micro-finance, Kenyeh Barley, and the chairman of the national micro-finance task force of Liberia, Kollie Tamba, urged the participants to use the knowledge acquired to help improve the country’s financial sector.

The five days training was facilitated by United Nations technical advisor for Lesotho, Christopher Malwadde, and was aimed at equipping the participants with relevant skills to enable them develop and implement strategic business plans using the computer.

It brought together over twenty participants representing various micro-finance institutions in the country.
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