As part of its collaborative effort, BBVAMF has made agreements with other organizations that drive and multiply its impact, contributing to develop and consolidate the microfinance sector. Partnerships have been put in place to encourage microfinance activity with institutions that include:
Inter-American Development Bank
A memorandum of understanding (MoU) was signed in October 2007 between the Inter-American Development Bank and BBVAMF to work together on activities to increase access to microfinance services in Latin America. The agreement is to partner on programs that drive the microfinance industry as a whole and provide support to microfinance institutions that help them expand their activities.
United Nations Organization
A MoU was signed between the IFC and BBVAMF in May 2008 outlining their strategic microfinance cooperation in Latin America. In November 2016 BBVAMF signed its commitment with the World Bank to the Universal Financial Access 2020 program, supporting the World Bank in its aim to achieve universal access to financial services by 2020 and has committed to working towards making accounts available to over 2.3 million clients.
On February 2015, a partnership agreement was signed with UN Women to promote the inclusion and development of women entrepreneurs in Latin America and the Caribbean.
In July 2016, BBVA Microfinance Foundation was granted the special consultative status by the Economic and Social Council of the UN (ECOSOC).
For its contribution to the SDG, the United Nations’ Sustainable Development Goals Fund (SDG Fund) chose BBVAMF as part of the global institutions who are members of its Private Sector Advisory Group 2015-2018.
Since 2016 BBVAMF has been involved in the UN Secretary-General’s High-Level Panel on Women’s Economic Empowerment, which has highlighted BBVAMF’s experience as a financial inclusion case study.
Furthermore, BBVAMF microfinance institutions have worked with United Nations over the last 10 years. Bancamía’s agreement with UNEP in Colombia and Microserfin’s work in Panama with UNHCR and the WHO are notable examples.
The partnership with the Department of State for International Cooperation & Ibero-America was signed in September 2014 to join forces in developing actions in the area of microfinance and financial inclusion. This cooperation was reiterated in June 2015 with the signing of a partnership agreement with España Global (formerly Marca España).
Development Bank of Latin America (CAF)
Ever since it was set up, the Foundation has worked with the CAF. In 2017 a MoU formalized the existing solid relationship.