EFSE: Responsible Finance Becomes an Increasing Concern in the Financial Industry

Apr 2008
Luxembourg, April, 22 2008 - Around 200 leading international market players will gather in Sibiu, Romania, at a conference hosted by the Fund to discuss the issue of Responsible Finance among other cutting-edge topics in development finance. The conference takes place during EFSE's 2nd Annual Meeting, which will be held from May 6-8, 2008.

"Concerns regarding the high level of over-indebtedness, ambiguous lending practices with financially illiterate population groups and people losing their little savings to unsound financial institutions are just some of the many pressing issues. EFSE puts great emphasis on being a responsible investor, promoting responsible lending practices in our target region", said Klaus Maurer, CIO of the European Fund for Southeast Europe (EFSE).

Besides the topic of Responsible Finance, panel discussions, presentations and case studies will also cover capital market developments in Southeast Europe, future market opportunities, new products as well as the integration/transformation of microfinance institutions.

Leading market players, including representatives from development finance institutions, donor agencies, international organizations, microfinance institutions, commercial banks, as well as institutional investors, academics and policymakers, will attend the conference. Featured speakers and panelists include representatives of central banks in the Southeast European region.

Maurer commented: "After our first successful Annual Meeting and conference in 2007, in Budva, Montenegro, we are pleased to once again bring together a large number of leading development finance practitioners in one place. This confirms that the Fund has achieved one of its major objectives to create a forum and collaborative platform for donors, development finance institutions as well as for representatives from the financial industry, local governments and the economy."

Source : PR-Inside.com

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