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2017 - Celebrating 10 Years |
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IFD International
Finance Development |
of innovative project
work |
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Some key activities: Loan pricing and quantitative management tool: SIAP-Simulasi
BPR for Indonesia’s People’s Credit Banks
Risk and
Liquidity Management tool: RLMT with an embedded largely automated ALM process from
branch to Head Office & Consolidated level Raiffeisen-SLA
federation autonomous model, transferrable to any community |
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The vision of International Finance Development is to make a profound
contribution to the enhancements of financial systems in developing and
transition countries that will enable the respective economically active poor
to realize their full potential. |
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The approach taken:
Development of concepts and applications which are tailor made for the
respective local situation by combining mathematical
skills with many years of experience in international finance, in particular in market
- and credit risk management as
well as long term personal and project related experience in Uganda, East
Africa. A high value is set on
working together with people
Since the establishment
of IFD in July 2007 until 2011 a major focus was given to continued work in
Indonesia supporting the People’s Credit Banks (BPR) with a loan pricing and
quantitative management tool to analyse the current and simulate the future
business. For MFIs in any country a
tool for risk management & dynamically forecasting liquidity, based on
the expected cash flows at branch as well as head office & consolidated
level was designed. The tool is used for training & implementing the
underlying asset liability management process at MFIs especially those who
are allowed to lend clients’ deposits. The model of a three-level Raiffeisen federation of savings- & loan associations (R-SLAs) applicable within any community was developed and established together with the Catholic Workers Movement Uganda. This unique model is based on three pillars: 1.) a rigorous three-level internal audit, self-monitoring & evaluation system; 2.) a practical tool for business financial-planning; and 3.) linkage-banking. Recently, the autonomous
self-monitoring system was digitalized even on primary level through group
ledgers, running on members’ own smartphones, offering fully automated and
complete audit functionalities as well as financial statements. Working with the Ugandan
Cooperative Alliance, the demand for innovative course modules and
hands-on tools for their members was recognized and met resulting in a Savings- & Loan Portfolio Management
Tool (SLPMT) for MFIs without a core banking system and a Produce- & Pay Planning and Management
Tool (PPPMT) for agricultural cooperatives and their unions. Dr. Birgit Galemann |
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