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EMN and MFC joint responses to four public consultations


Since mid-October 2020, EMN and MFC have submitted four joint responses to public consultations on behalf of the European microfinance sector.

Consultation on Pact for Skills

On 12th October, EMN and MFC jointly submitted a response to the European Commission’s public consultation on the "Pact for Skills". The Pact was officially launched on 10 November 2020 by the Commission and the set of principles and commitments to ensure common understanding and achieved share objectives are established in the Charter. Our response paid special attention to reskilling employees into self-employed/entrepreneurs’ positions and on reskilling self-employed or entrepreneur persons.
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Consultation on Migrant inclusion

On 20 October 2020, EMN and MFC reached out to their members and together submitted a response to this consultation, particularly relevant for the sector as an important percentage of microfinance institutions in the EU have migrants or EU citizens with a migrant background as clients. Through this consultation, the European Commission collected the views of civil society actors on new actions that could be taken at EU level to promote the integration and social inclusion of migrants and EU citizens with a migrant background, for the design of an action plan on integration and inclusion that was announced as part of its 2020 Work Programme.

The contributions from Adie, microStart, and Qredits were particularly helpful in providing examples of good practices regarding promotion of integration and inclusion of migrants at a city/region/country level, successful partnership/cooperation in that field, and taking into account the specific needs of migrants in all their diversity (sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation).
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Inputs on the Sustainable Development Goals’ indicator set review

EMN and MFC provided brief feedback on a Eurostat report about tracking progress towards the Sustainable Development Goals (SDGs). Our contribution represented the stakeholders' views on the suitability of the quantitative indicators, which are already well-suited for tracking progress on financial inclusion. The comments made focussed on explicitly acknowledging self-employment as employment, and including mention of financial skills alongside digital skills.

Consultation on European Pillar of Social Rights

On 27 November, EMN and MFC submitted a response to the public consultation on the European Pillar of Social Rights. Microfinance is currently considered as part of Principle 20 - access to essential services, including access to finance. Our response strongly affirmed that microfinance is more than financial inclusion and should be considered a transversal tool that contributes directly or indirectly to almost all other pillar principles. Our recommendations include incentivising the setup of partnerships between the European Social Fund (ESF) Managing Authorities and microfinance practitioners, increasing the ambition of EU financial instruments for the microfinance sector, and organising an inclusive entrepreneurship policy dialogue among EU countries.
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