Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries
This comparative study seeks to contribute to the ongoing dialogue and development of policy frameworks specifically in Azerbaijan and Central Asia. Given the IFC’s current transformation work in this area, the countries that have been included in...
| Main Authors: | , |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, D.C.
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/741611492752081369/Comparative-analysis-of-microfinance-policy-frameworks-and-legislation-of-selected-countries http://hdl.handle.net/10986/26560 |
| id |
okr-10986-26560 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-265602021-04-23T14:04:36Z Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries Brown, Matthew Jacobs, Ruth MICROFINANCE LEGAL FRAMEWORK CREDIT BUREAU FINANCIAL INSTITUTIONS MFI This comparative study seeks to contribute to the ongoing dialogue and development of policy frameworks specifically in Azerbaijan and Central Asia. Given the IFC’s current transformation work in this area, the countries that have been included in this study are Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia, and Tajikistan. To incorporate the experience of countries outside this region, the study includes Bolivia, Bosnia and Herzegovina (BiH), and Morocco. All of these countries have a legal system and policy framework that incorporates microfinance. In most cases, these countries have adopted specialized legislation that creates a new legal window for MFIs that is distinct from existing and traditional types of financial institutions. Despite these similarities there are some notable differences among the policy frameworks that are explored in the sections that follow. This study is divided into four sections with three annexes. The first section explores microfinance in Azerbaijan and the Central Asian contexts. The second section analyzes and compares the structure and nature of the various policy frameworks and approaches to regulation and supervision. The third section compares permitted activities and restrictions among the different institutional types. The fourth section looks at ownership requirements and issues related to MFI transformation. Macroeconomic and microfinance specific data for each of the countries has been compiled in tables in annex one. Annex two contains legislative profiles of each of the countries organized under various categories. Annex three lists the primary legislation for microfinance for each of the countries. Finally, the body of work reviewed in preparation of this study is noted in the section entitled resource materials. 2017-05-09T19:22:37Z 2017-05-09T19:22:37Z 2010-09 Report http://documents.worldbank.org/curated/en/741611492752081369/Comparative-analysis-of-microfinance-policy-frameworks-and-legislation-of-selected-countries http://hdl.handle.net/10986/26560 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, D.C. Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Central Asia Bolivia Bosnia and Herzegovina Morocco |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MICROFINANCE LEGAL FRAMEWORK CREDIT BUREAU FINANCIAL INSTITUTIONS MFI |
| spellingShingle |
MICROFINANCE LEGAL FRAMEWORK CREDIT BUREAU FINANCIAL INSTITUTIONS MFI Brown, Matthew Jacobs, Ruth Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| geographic_facet |
Central Asia Bolivia Bosnia and Herzegovina Morocco |
| description |
This comparative study seeks to
contribute to the ongoing dialogue and development of policy
frameworks specifically in Azerbaijan and Central Asia.
Given the IFC’s current transformation work in this area,
the countries that have been included in this study are
Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia, and
Tajikistan. To incorporate the experience of countries
outside this region, the study includes Bolivia, Bosnia and
Herzegovina (BiH), and Morocco. All of these countries have
a legal system and policy framework that incorporates
microfinance. In most cases, these countries have adopted
specialized legislation that creates a new legal window for
MFIs that is distinct from existing and traditional types of
financial institutions. Despite these similarities there are
some notable differences among the policy frameworks that
are explored in the sections that follow. This study is
divided into four sections with three annexes. The first
section explores microfinance in Azerbaijan and the Central
Asian contexts. The second section analyzes and compares the
structure and nature of the various policy frameworks and
approaches to regulation and supervision. The third section
compares permitted activities and restrictions among the
different institutional types. The fourth section looks at
ownership requirements and issues related to MFI
transformation. Macroeconomic and microfinance specific data
for each of the countries has been compiled in tables in
annex one. Annex two contains legislative profiles of each
of the countries organized under various categories. Annex
three lists the primary legislation for microfinance for
each of the countries. Finally, the body of work reviewed in
preparation of this study is noted in the section entitled
resource materials. |
| format |
Report |
| author |
Brown, Matthew Jacobs, Ruth |
| author_facet |
Brown, Matthew Jacobs, Ruth |
| author_sort |
Brown, Matthew |
| title |
Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| title_short |
Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| title_full |
Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| title_fullStr |
Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| title_full_unstemmed |
Comparative Analysis of Microfinance Policy Frameworks and Legislation of Selected Countries |
| title_sort |
comparative analysis of microfinance policy frameworks and legislation of selected countries |
| publisher |
International Finance Corporation, Washington, D.C. |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/741611492752081369/Comparative-analysis-of-microfinance-policy-frameworks-and-legislation-of-selected-countries http://hdl.handle.net/10986/26560 |
| _version_ |
1764462199598743552 |