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 make it easier to help them expand their activities.
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.
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 Marca España [Brand Spain].
United Nations Organization
BBVAMFG institutions have worked over the course of these last 10 years with United Nations. Bancamía’s agreement with UNEP in Colombia and Microserfin’s work in Panama with UNHCR and the WHO are notable examples.
The partnership with UN Women was formalized in February 2015 with an agreement to promote the development and inclusion of low-income women entrepreneurs in Latin America and the Caribbean. 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.
Since April 2015, the United Nations’ Sustainable Development Fund (SDG Fund) chose BBVAMF as one of the 13 institutions around the world chosen as founder members of its Private Sector Advisory Group, for its contribution to the SDG. The advisory group provides strategic support to the UN so that, in coordination with the private sector, better results in sustainable development can be achieved. The UN SDG Fund has renewed BBVAMF’s membership of this advisory group for 2017-2019.
In July 2016 the United Nations Economic and Social Council (ECOSOC) awarded the BBVA Microfinance Foundation consultative status. BBVAMF may be consulted by the United Nations to provide guidance and recommend actions that contribute to sustainable development.