Thursday, January 15, 2015

The Millennium Development Goals, Grassroots Capital Management, and GIFI


Beyond 2015 – the Next Steps for the MDGs

The United Nations Millennium Development Campaign came together in 2002 and promoted the Millennium Development Goals (MDGs) in a concerted effort to mobilize global partnerships to reduce extreme poverty by 2015.  It is now the beginning of that target year and, while there has been significant progress towards the goals, poverty continues to be a major global issue. At Grassroots, we think that access to financial services can be part of a package of tools that can help people raise themselves out of poverty and our approach is designed to ensure that the potential of microfinance to benefit poor clients is, in fact, realized.   With the approach of 2015, the UN drafted a new agenda which will be officially adopted at the Special Summit on Sustainable Development in September.  The goal is to learn from the past 15 years, benchmark where we are now in relation to the goals that were set for 2015, and adopt a new agenda from now until 2030.  The new, post-2015 agenda is ‘buttressed by science and evidence” and is “built on principles of human rights, the rule of law, equality and sustainability”.  Grassroots believes that this is an opportunity for the microfinance community to recommit to its core mission of poverty reduction and align and coordinate itself with the other initiatives in support of the post-2015 MDG agenda.