Moody’s Corporation announced today that it was recognized at the 2010 Clinton Global Initiative (CGI) Annual Meeting for its commitment to develop a quantitative, independent and globally consistent standard to measure social performance in the microfinance industry.   Investors, philanthropic organizations and lenders echo the need for a common, simplistic mechanism to determine the social impact of microfinance institutions (MFIs). The creation of an independent and globally consistent standard aims to more clearly differentiate the organizations that are having the greatest social impact through their efforts. As in other market sectors, this would add to the analytic tools available to investors and others, driving a more informed dialogue on MFIs.   Source: Moody’s

BIIA Newsletter October II – 2010 Issue