MFC policy paper: “What Can Be Done To Address The Needs Of 93% Of Enterprises In EU?” 

In June – July we had a pleasure on behalf of MFC to share with DG EMPL, CEB and DG EMPL a policy paper developed thanks to contribution of our Partnership Action Group focusing this year on funding issues. The policy paper was titled “What Can Be Done To Address The Needs Of 93% Of Enterprises In EU?” and included feedbacks, reflections and recommendations, underlining e.g.: 

• the need of continuation of the guarantees under InvestEU instruments, development of instruments providing low-cost funds available and dedicated to microfinance and social finance providers as well as the need of funds filling the financing gap, available in local currency. 

• provision of funding for innovation, digitalization and green transformation for microfinance and social economy sector 

• the need for a separate funding pool for smaller microfinance institutions,  

• development of new national funding opportunities,  

• encouraging managing authorities to include microfinance and social finance in their Operational Plans,  

• reduction of the national legal and financial barriers that micro and social finance institutions face,  

• simplification of reporting requirements and application processes for smaller microfinance institutions,  

• standardization of the reporting requirements,  

• provision of business development services (BDS) and technical assistance for the microfinance sector 

• promotion of micro and social finance.