important notes when working with screenshow's save as.pptx only printing instructions in order...
TRANSCRIPT
FIGHT OR FLIGHT?Maintaining a Focus on the Client During Times of Economic Stress
MFC Conference 2015
2
“Doing WellBy
Doing Good”
?
3
Income Growth* Year-over-Year has been Weak
Source: International Monetary Fund, World Economic Outlook Database, April 2015
GDP per Capita in National Currency, Constant Prices, Percent Change (2008-2017)
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Azerbaijan Kazakhstan Kyrgyz Republic Tajikistan
* Proxy for household income growth – using GDP per capita in LCY
4
Depreciation Against the US Dollar has been Steep
Source: oanda.com
FX Movements Against USD (2008 – 2015, Indexed to June 2008 Levels)
0.5
0.7
0.9
1.1
1.3
1.5
1.7
1.9
2.1
2.3
6/1/
2008
9/1/
2008
12/1
/200
8
3/1/
2009
6/1/
2009
9/1/
2009
12/1
/200
9
3/1/
2010
6/1/
2010
9/1/
2010
12/1
/201
0
3/1/
2011
6/1/
2011
9/1/
2011
12/1
/201
1
3/1/
2012
6/1/
2012
9/1/
2012
12/1
/201
2
3/1/
2013
6/1/
2013
9/1/
2013
12/1
/201
3
3/1/
2014
6/1/
2014
9/1/
2014
12/1
/201
4
3/1/
2015
6/1/
2015
9/1/
2015
KZT
TJS
AZN
KGS
5
Prior Economic Crises have Impacted MFIs’ Financial Positions Negatively
Source: mixmarket.org
Average PAR > 30 Days, all MFIs reporting to the MIX (2006-2013)
Average ROA, all MFIs reporting to the MIX (2006-2013)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2006 2007 2008 2009 2010 2011 2012 2013
Azerbaijan Kazakhstan Kyrgyzstan Tajikistan
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2006 2007 2008 2009 2010 2011 2012 2013
Azerbaijan Kazakhstan Kyrgyzstan Tajikistan
6
Fightor
Flight
?