UNCDF has been present in Madagascar since 1993, promoting increased access to sustainable microfinance services.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through Financial Inclusion Practice, UNCDF is implementing the UNCDF-UNDP joint Programme d’Appui à la Finance Inclusive à Madagascar (PAFIM) in accordance with the Government’s national strategy for microfinance, supporting full integration of sustainable microfinance institutions for poor households and low-income micro-entrepreneurs into national financial market. Additionally, UNCDF’s Making Access Possible (MAP) programme in Madagascar produces diagnostics of financial inclusion disaggregated by gender, geography, income and other demographics, and encourages private investment into expanding rates and outreach of financial inclusion.
UNCDF is working in 4 countries (Cameroon, Madagascar, Mali, Niger), in partnership with RIAFCO, FMDV and PPIAF, through the Municipal Investment Finance (MIF) programme, to identify the most effective ways to sustain and diversify local government financing institutions (LGFIs) financial resources in order to reinforce and to support local authorities and to bolster their own financial resources