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New Horizons, the newsletter of the Ecumenical Church Loan FundNew Horizons > December 1998

 

Threat to ECLOF Expansion in Eastern Europe

There are no funds available to meet ECLOF needs in three countries of Eastern Europe. That was the message given to a meeting in Copenhagen of church-related development agencies from six western European countries.

The meeting, held in September 1998, heard that an ECLOF committee had begun in Slovakia in 1997, and two others were planned in North West Russia and Armenia this year. (The ECLOF Board in October 1998 approved the formation of these two committees subject to funds being available). The development agencies, known as 'Ecumenical Partner Agencies' (EPAs) were told further commitment from them would be necessary if this initiative was to continue.
On a more positive note, the 14 participants, noted the many positive aspects of current ECLOF work. There was appreciation of the uniqueness of the decision making process in ECLOF which gives equality to all concerned regardless whether they are a donor or recipient of loans.
The Copenhagen meeting also discussed and recognised the need for a forum where EPAs could consider common issues relating to credit including lobbying the European Union on credit related issues.

The meeting agreed the forum would allow for regular meetings between EPAs and ECLOF to discuss common issues on credit as well as training on current trends in credit practices. The forum would also make possible cooperation and the sharing of experiences at global and field levels. One EPA told the gathering they were considering a framework of agreement with ECLOF to develop increased mutual support.

Imaginative use of bilateral relationships between EPAs and National ECLOF Committees as a strategy to provide more support for the NECs was also discussed. Participants felt this would be welcome provided it was within the bilateral relationships guidelines and was the exception rather than the rule. More monitoring would be needed but it could also lead to improved performance on the part of NECs.

Also raised was the question of ECLOF itself receiving loans for a specified period of time from EPAs and churches which have reserves they do not currently need. It was recognised that such funds should be used only in countries which have financial stability.

Once again, as in other parts of the world, the need to raise the ECLOF profile among local congregations was stressed. ECLOF's achievements and experiences should be made more well known so that those organisations, including some within the ecumenical family, who wish to establish their own credit programmes can learn from what ECLOF has done.

 
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