Microfinance Regulation : Lessons from Benin, Ghana and Tanzania

This article identifies key issues and lessons about how the overall regulatory framework affects the ability of microfinance institutions (MFIs) to become more market-oriented and integrated with the financial system. It is based on a review undertaken by the World Bank of microfinance regulation in Benin, Ghana and Tanzania to better inform advice and project design regarding the appropriate balance between the objectives of promotion, performance, and prudential supervision.

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Bibliographic Details
Main Author: Steel, William F.
Language:English
Published: World Bank, Washington, DC 2004-10
Subjects:AUDITS, BANK SUPERVISION, BORROWING, CAPITAL REQUIREMENT, CENTRAL BANK SUPERVISION, CENTRAL BANKS, COLLATERAL, COMMERCIAL BANKS, COMMERCIALIZATION, COMMUNITY BANKS, COMPANY, CONTRACT ENFORCEMENT, CREDIT COOPERATIVES, CREDIT UNIONS, DEPOSITS, EXPANSION, FINANCIAL AUTHORITIES, FINANCIAL COOPERATIVES, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL POLICY, FINANCIAL REGULATORY SYSTEMS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, INCOME, INTEREST RATE, INTEREST RATE INFORMATION, LAWS, LEGISLATION, LEVERAGE, LICENSING, LIQUIDITY, MICROCREDIT, MICROENTERPRISES, MICROFINANCE, MICROFINANCE INSTITUTIONS, MICROFINANCE METHODOLOGIES, MICROFINANCE REGULATION, MICROFINANCE SECTOR, NONBANK FINANCIAL INSTITUTIONS, NONGOVERNMENTAL ORGANIZATIONS, OUTREACH, PRUDENTIAL REGULATIONS, PRUDENTIAL REQUIREMENTS, PRUDENTIAL SUPERVISION, PUBLIC DEPOSITS, PUBLIC SAVINGS, REGULATORY FRAMEWORK, RURAL BANKS, SAVINGS, SAVINGS DEPOSITS, SECURITIES, SMALL ENTERPRISES, SUPERVISORY AGENCIES, SUPERVISORY AUTHORITIES, SUSTAINABILITY, TAXATION,
Online Access:http://documents.worldbank.org/curated/en/2004/10/5531278/microfinance-regulation-lessons-bening-ghana-tanzania
https://hdl.handle.net/10986/9681
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Summary:This article identifies key issues and lessons about how the overall regulatory framework affects the ability of microfinance institutions (MFIs) to become more market-oriented and integrated with the financial system. It is based on a review undertaken by the World Bank of microfinance regulation in Benin, Ghana and Tanzania to better inform advice and project design regarding the appropriate balance between the objectives of promotion, performance, and prudential supervision.