Streaming Media

Media Type

Article

Publication Date

2-26-2003

Description

I would like to commend the Swiss Government and the Swiss Agency for Development and Cooperation (SDC) for launching the Financial Sector Strengthening Program (FSSP). I believe that the lack of adequate human and institutional capacity, shortage of local expertise and weak coordination among the various stakeholders are indeed the factors inhibiting the growth of microfinance sector in Pakistan. The initiative taken by SDC to overcome these constraints is therefore both timely and appropriate. But I do expect that once the FSSP has successfully demonstrated the business model for capacity building it will be adapted and internalized by our own network without any further recourse to external donors. The transfer of technology and its adaptation to our own circumstances is the most effective way to utilize external resources.

Notes

Remarks delivered as Chief Guest at the launching ceremony of the Financial Sector strengthening program of the Swiss Agency for Development and Cooperation held at Islamabad on February 26, 2003

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