A Validation Workshop organized by Development Bank of Ethiopia (DBE) and National Bank of Ethiopia was held at Sapphire Addis on September 19, 2019. Frontieri presented findings of the assignment entitled: “Impact Evaluation Study of the Rural Financial Inter mediation Program II (RUFIP II)”, a project commissioned by the Development Bank of Ethiopia (DBE).”
About 45 people from stakeholders, financial institutions and providers have taken part in the workshop. Among the participants were concerned bodied from Afar, Tigray, Amhara, Oromia, Somali, Gambella, Benishangul and SNNPR. One of our senior researchers and lead consultant on the assignment Teketel Abebe (PhD) has opened the presentation with introduction to the project, followed by the head of our Research and Evaluation Division Belaineh legesse (PhD) with the methodology.
The ultimate goal of RUFIP II is reducing rural poverty in Ethiopia. The overall development objective of the program is providing poor rural households with sustainable access to a range of financial services through a nationwide network of some 30 MFIs and about 5, 500 RUSACCOs (and 100 Unions of RUSACCOs). The program supported these financial institutions to bridge their liquidity gap through a credit fund, and improve the policy environment including regulatory and supervisory architecture. The following are the specific objectives of RUFIP II as stated in the TOR:
- Extending access to a range of financial services for about six million mainly poor rural households in Ethiopia by 2019;
- Increasing savings, credit and risk mitigation services and in so doing strengthen the livelihood and copping strategies of the rural poor;
- Enhancing the institutional capacities of MFIs and RUSACCOs in order to ensure that the rural poor get sustainable access to finance form well-capacitated and regulated rural financial institutions; and
- Nurturing innovations and good practices that would broaden choices and intensify the market for financial services which includes improving regulation and supervision of MFIs and RUSACCOs and providing credit fund to the rural financial institutions