MICROCAPITAL BRIEF: National Bank of Belarus, United Nations Development Programme (UNDP) Set Up Council on Microfinance Sector Development

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Wednesday, December 9, 2009

MICROCAPITAL BRIEF: National Bank of Belarus, United Nations Development Programme (UNDP) Set Up Council on Microfinance Sector Development

» Posted by in Category: Asia,Eastern Europe and Central Asia at 12:01 am

Set up in 2008 by the National Bank of Belarus and the United Nations Development Programme (UNDP), the Council on Microfinance Sector Development in Belarus has drafted a framework for the development of microfinance in the Republic of Belarus through 2015.

Plans include amending credit union laws, developing legislation specific to microfinance institutions, employing foreign experts to train local specialists and increasing financial literacy levels among the populace. Although limited details are available, the last two points are already beginning to be carried out.

Sources and resources:

Belarusian Telegraph Agency article:
http://www.belta.by/en/news/econom?id=454699

National Bank of the Republic of Belarus
http://www.nbrb.by

United Nations Development Programme
http://www.undp.org/

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