加强合作金融机构：世界银行和拉博伙伴关系联合项目的经验教训（英）

Investment Rating - The report does not explicitly provide an investment rating for the cooperative financial institutions (CFIs) sector. Core Insights - Cooperative financial institutions (CFIs) have significant potential to enhance financial inclusion in underserved areas, particularly in rural and marginal urban regions. However, many CFIs struggle to reach their full potential due to inadequate regulation and supervision, weak financial safety nets, and other operational challenges [16][17][24]. Summary by Sections Background and Objective of the Project - The project aims to strengthen CFIs by improving their regulatory and supervisory frameworks and financial safety nets, which are essential for financial inclusion and rural development [29][30]. Project Objective and Main Activities - The project employed a parallel approach in Colombia, Ethiopia, and West Africa, focusing on regulatory reforms and technical support to enhance CFIs' operational capabilities [32][36]. Selection Process of Pilot Countries/Jurisdictions - Colombia, Ethiopia, and West Africa were selected based on their potential for public sector engagement, the relevance of the CFI sector, and existing relationships with stakeholders [41][43]. Colombia - Colombia has 176 CFIs serving approximately 3.6 million members, with significant potential for agricultural development. However, CFIs face challenges in technology investments and regulatory improvements [47][48]. Ethiopia - Ethiopia has around 21,883 SACCOs serving over 6 million members, playing a crucial role in financial inclusion. However, the sector faces competition and requires improvements in service offerings [54][55]. West Africa - The CIF network in West Africa serves 5 million members across six countries, with a focus on enhancing its supervisory and safety net functions. The project aims to strengthen the network's operational processes and digital capabilities [62][66]. Key Observations and Next Steps - The project highlighted the importance of collaboration between regulators, supervisors, and CFIs to implement effective reforms. Future efforts will focus on continuous support for the reform process and enhancing the resilience of CFIs in fragile contexts [52][68]. Lessons Learned - The project underscored the value of CFIs in financial sector development and the benefits of improving their regulatory and supervisory frameworks in parallel with institutional development [72].