The Multilateral Investment Fund in 2010: Expanding Access to Finance, Markets, Capabilities and Basic Services in Latin America and the Caribbean
Inter-American Development Bank (IDB)
This report summarizes some of the milestones achieved by the Multilateral Investment Fund (MIF) in 2010. 2010 has been a transformational year for the MIF. In the spirit of continuous improvement, the MIF pushed its own boundaries and began devising new ways to increase its developmental impact. In a comprehensive exercise conducted this year, management, staff, and partner institutions identified the building blocks for a new strategy going forward. After an intense process of deliberation and planning, the Access Framework was launched in the second half of 2010. The new framework seeks to position the MIF as catalyst for enabling better Access to Finance, Markets, and Basic Services for micro-, small, and medium-sized enterprises (MSMEs) and low-income populations in the region. Building on the key success drivers that allowed the MIF to achieve systemic impact in the past, the Access Framework introduced a number of changes, some of which are described in this report.