Pakistan

The State Bank of Pakistan, Pakistan Microfinance Network, and the Pakistan Poverty Alleviation Fund launched on May 21 a new microfinance information bureau in a bid to strengthen the country’s microfinance sector and reduce instances of fraud and overborrowing. The Microfinance Credit Information Bureau will provide accurate delinquency and indebtedness information to guide policymakers and other stakeholders in Pakistan’s microfinance sector. The bureau is a result of a public-private partnership supported by the Citi Foundation and the U.K. Department for International Development, the Pakistan Observer says.