Central Bank of Yemen delegates study Philippine microfinance

Yemen Central Bank visit 2Six delegates from the Central Bank of Yemen visited the Philippines on August 2-5 to study the country’s microfinance industry. The study mission provided the delegates with the opportunity to learn about the country’s microfinance sector, the enabling regulatory environment that encouraged the growth of private microfinance, and microfinance supervision methodologies and practices. The mission also included visits to a rural bank in the field.  Specifically, the delegates were interested in lending methodologies, IT systems, internal controls, reporting, and technological innovations such as mobile phone banking.

Yemen Central Bank visit 1

The study group visited the Bangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS), GM Bank, and the Land Bank of the Philippines. RBAP-MABS provided the bankers with an overview of the MABS Program and its initiatives and discussed how the private microfinance industry has achieved success in the Philippines over the last decade.