New draft MFI Financial Reporting Standards available for public comment now through July 18th, 2010

We need your expertise to assist the MFI Financial Reporting Standards Initiative (www.reportingstandards.org) to improve efficiency and effectiveness of microfinance institutions through new, relevant
financial reporting standards. We are seeking 100 stakeholders to provide
public comment to this draft before July 18th


 


This SEEP Network facilitated effort is an industry-wide voluntary effort.  After extensive input from a steering committee, the public comment draft includes new performance ratios, BASEL II compliance
standards, and asset-liability management. This updates the SEEP Framework
(2005) to better reflect the realities of the microfinance industry today - for
example should OSS and FSS be removed as ratios for reporting? The goal is to
benefit microfinance stakeholders with better information for decision-making,
improved transparency, increased investment, and ensure client
protection. 


 


Your perspective is invaluable to this initiative, please review the draft for public comment and share your thoughts. Documents are available via an online discussion forum at www.kdid.org
or at www.reportingstandards.org. Direct
any/all comments and feedback to reportingstandards@seepnetwork.org
by July 18th.


 


Thank you for your support.


Julie Chen

Engagement Manager, Social Enterprise Associates

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