For an entity to qualify as a MFI, the aggregate amount of loan extended by it for income generating activity should not be less than 75 per cent of its total loans.
As requested by the organizers, I will make some short comments on the planned Sovereign Wealth Fund (SWF). Because of some legislative problems, a new Sovereign Wealth Fund Organic Law was drafted. I am very comfortable with the new Organic Law because it meets the internationally recommended Santiago Principles of Governance and Management.