- The newsletter “Progreso: Finance for Inclusion and Development” reports on the industry’s legal development and highlights the legislative and regulatory trends, with the aim of driving improvements in this area.
The BBVA Microfinance Foundation strengthens its commitment to the development of the microfinance sector with the launch of “Progreso: Finance for Inclusion and Development”, a quarterly digital newsletter with legal news on the microfinance sector that discusses the industry’s most relevant legislative and regulatory news and developments in corporate governance around the world.
Prepared by the Legal Service of the BBVA Microfinance Foundation, “Progreso” includes the most relevant news in the microfinance legal area and provides direct access to the documents cited in the publication, in addition to comments by experts, op-eds and interviews.
The newsletter “Progreso” is targeted at the main players in the world of microfinance: governments, regulators, supervisors, legislators, international multilateral organizations, universities offering courses specializing in microfinance, rating agencies, the media, Spanish and international non-profit financial institutions and foundations, associations and financial institutions, among others.
Foundation: a transforming agent in the sector
The publication of “Progreso” is part of the philanthropic activity that the BBVA Microfinance Foundation carries out to contribute to the development of the microfinance sector, particularly in the areas of human capital, the strengthening of corporate governance, and the regulatory and supervisory environment.
In this area, the Foundation has trained 1,670 executives specializing in microfinance, in partnership with UNED (the Spanish National University of Distance Education) and prestigious local universities; it has drawn up a “Universal Code of Corporate Governance for Microfinance Institutions” and a “Guide to adopting good governance principles in microfinance institutions” and provided training in good governance to 300 members of boards of directors and executives of one hundred microfinance institutions in Latin America.