MICROCAPITAL.ORG STORY: Developments in the Past Year of Microfinance Regulation Coverage by Microcapital.org

     Microfinance regulation has provided rich fodder for reporting over the past twelve months of coverage by Microcapital.org.  Nearly twelve months ago, in November 2008, Microcapital.org reported on the World Economic Forum’s Inaugural Summit on the challenges posed by regulatory frameworks as policy makers grappled with the question of how to advance microfinance.  Since that time, there have been a number of international agencies as well as developed country governments involved in researching and collaborating on guidelines for the strengthening of microfinance regulation. On the other hand, there have also been doubts about the relevance of regulation to microfinance sector:

Oct 22, 2009 – “MICROFINANCE PAPER WRAP UP: Microfinance Consensus Guidelines: Guiding Principles on Regulation and Supervision of Microfinance, written by Robert Peck Christen, Timothy R. Lyman, Richard Rosenburg,” by Hio Kyeng Lee, https://www.microcapital.org/microfinance-paper-wrap-up-microfinance-consensus-guidelines-guiding-principles-on-regulation-and-supervision-of-microfinance-written-by-robert-peck-christen-timothy-r-lyman-richard-rosenburg/
 
Oct 12, 2009 – “MICROCAPTIAL STORY: Gates Foundation Gives USD 35m to Alliance of 64 Countries to Train Central Bankers, Funds Managed by German Agency GTZ,” by Kenny Kline, https://www.microcapital.org/microcapital-story-gates-foundation-gives-usd-35m-to-alliance-of-64-countries-to-train-central-bankers-funds-managed-by-german-aid-agency-gtz/
 
Sept 29, 2009 – “MICROCAPITAL PAPER WRAP-UP: Financial Infrastructure: Building Access Through Transparent and Stable Financial Systems by the World Bank,” by Zoran Stanisljevic, https://www.microcapital.org/microcapital-paper-wrap-up-financial-infrastructure-building-access-through-transparent-and-stable-financial-systems-by-the-world-bank/#more-3757
 
Sept 22, 2009 – “MICROCAPITAL EVENT: Conference: “Microfinance Regulations: Who Benefits?” March 15-17, 2010 Dhaka, Bangledesh, by Zoran Stanisljevic, https://www.microcapital.org/microcapital-event-conference-%e2%80%9cmicrofinance-regulations-who-benefits%e2%80%9d-march-15-17-2010-dhaka-bangladesh/
 
Sept 21, 2009 – “PRESS RELEASE: CGAP Releases Focus Note: AML/CFT: Strengthening Financial Inclusion and Integrity,” by Microcapital Team, https://www.microcapital.org/press-release-cgap-releases-focus-note-amlcft-strengthening-financial-inclusion-and-integrity/
 
July 30, 2009 – “Calling All Experts in Microfinance Regulation: Please Help Shape Guidelines,” by David Satterthwaite, https://www.microcapital.org/calling-all-experts-in-microfinance-regulation-please-help-shape-guidelines/
 
March 18, 2009 – “MICROCAPITAL STORY: Challenges to Regulation of Mobile Transaction Servcies, E-Money, and other Branchless Banking Technologies,” by Ryan Hogarth, https://www.microcapital.org/microcapital-story-challenges-to-regulation-of-mobile-transaction-services-e-money-and-other-branchless-banking-technologies/
 
Jan 26, 2009 – “NEWS WIRE: Call for EU Legislation to Encourage Microcredit Schemes,” by Diana Yang, https://www.microcapital.org/press-release-call-for-eu-legislation-to-encourage-microcredit-schemes/
 
Nov. 11, 2008 – “MICROCAPITAL STORY: Outdated Regulatory Frameworks and Inadequate Business Models Identified as Key Challenges to Financial Inclusion at World Economic Forum’s Inaugural Summit on the Global Agenda,” by Lois Curtis, https://www.microcapital.org/microcapital-story-outdated-regulatory-frameworks-and-inadequate-business-models-identified-as-key-challenges-to-financial-inclusion-at-world-economic-forums-inaugural-summit-on-the-global-agenda/
  
    Over the past twelve months, Microcapital.org has reported on efforts by developing country governments to design, pass or enforce regulation to deal with the growth of microfinance in their countries, as follows:
 
Oct 15, 2009 – “MICROCAPITAL.ORG STORY: Egypt Government to Draft Legislation Regulating Microfinance and Microinsurance Providers,” by Diya Chopra, https://www.microcapital.org/microcapitalorg-story-egypt-government-to-draft-legislation-regulating-microfinance-and-microinsurance-providers/
 
Sept 29, 2009 – “MICROCAPITAL PAPER WRAP-UP: Microfinance Policy and Regulatory Framework in Uganda by Gen. Caleb Akandwanaho S.S of the Ugandan Minsitry of Finance, Planning and Economic Development (MoFPED),” by Diya Chopra, https://www.microcapital.org/microcapital-paper-wrap-up-microfinance-policy-and-regulatory-framework-in-uganda-by-gen-caleb-akandwanaho-ss-of-the-ugandan-ministry-of-finance-planning-and-economic-development-mofped/
 
Aug 31, 2009 – “MICROCAPITAL.ORG STORY: State Bank of Pakistan Amends Prudential Regulations Applicable to Microfinance Banks to Remove ‘Regulatory Bottlenecks’, Cap Microloan Sizes And Reduce The Risk of Borrower Over-Indebtedness,” by Chinq Yee Chong, https://www.microcapital.org/microcapitalorg-story-state-bank-of-pakistan-amends-prudential-regulations-applicable-to-microfinance-banks-to-remove-%e2%80%98regulatory-bottlenecks%e2%80%99-cap-microloan-sizes-and-reduce-the-ris/
 
Aug 12, 2009 – “NEWS WIRE: Pakistan: State Bank Amends Microfinance Credit Guarantee Facility Guidelines,” by Microcapital Team, https://www.microcapital.org/news-wire-pakistan-state-bank-amends-microfinance-credit-guarantee-facility-guidelines/
 
July 8, 2009 – “MICROCAPITAL STORY: India Appears Ready to Finally Pass New Microfinance Bill,” by Bharathi Ram, https://www.microcapital.org/microcapital-story-india-appears-ready-to-finally-pass-new-microfinance-bill/
 
July 7, 2009 – “MICROFINANCE STORY: The Unaddressed Need for Microfinance Oversight and Customer Protection in Haiti,” by Uyen Tran, https://www.microcapital.org/microfinance-story-the-unaddressed-need-for-microfinance-oversight-and-customer-protection-in-haiti/
 
June 1, 2009 – “MICROCAPITAL STORY: M-Banking 2009 Conference in Nairobi Showcases Promise to Enhance Kenya’s Banking Regulations Towards Microfinance Institutions and Mobile Banking Technology,” by Jaclyn Berfond, https://www.microcapital.org/microcapital-story-m-banking-2009-conference-in-nairobi-showcases-promise-to-enhance-kenyas-banking-regulations-towards-microfinance-institutions-and-mobile-banking-technology/
 
May 27, 2009 – “NEWS WIRE: Kenya: New Laws Make Banking Easier,” by Melissa Alvarez, https://www.microcapital.org/news-wire-kenya-new-laws-to-make-banking-easier/
 
May 8, 2009 –  “NEWS WIRE: Kenya: Increase in Technology and Communication Causes Central Bank of Kenya to Push New Banking Rules,” by Melissa Alvarez, https://www.microcapital.org/news-wire-kenya-increase-in-technology-and-communication-causes-central-bank-of-kenya-to-push-new-banking-rules/
 
May 6, 2009 – “MICROCAPITAL STORY: Bangladesh Microcredit Regulatory Agency (MRA) Limits Interest Rates for Microfinance Institutions,” by Laura Anderson, https://www.microcapital.org/microcapital-story-bangladesh-microcredit-regulatory-agency-mra-limits-interest-rates-for-microfinance-institutions/
 
April 14, 2009 – “MICROCAPITAL STORY: Bangladesh Government to Investigate Activites of All Unauthorized MicroCredit Organizatons Operating in the Country,” by Bharathi Ram, https://www.microcapital.org/microcapital-story-bangladesh-government-to-investigate-activities-of-all-unauthorized-microcredit-organizations-operating-in-the-country/
 
April 7, 2009 – “MICROCAPITAL STORY: Uganda Government to Set up Regulatory Body to Monitor Work of Savings and Credit Co-operative Organizations (SACCOs), by Bharathi Ram,  https://www.microcapital.org/microcapital-story-uganda-government-to-set-up-regulatory-body-to-monitor-work-of-savings-and-credit-co-operative-organizations-saccos/
 
Feb 4, 2009 -“MICROCAPITAL PAPER WRAP-UP: Much Ado About Nothing: The Case of the Nigerian, Microfinance Policy Measures, Institutions and Operations, By B.O. Iganiga,” by Lori Curtis, located at,  https://www.microcapital.org/microcapital-paper-wrap-up-much-ado-about-nothing-the-case-of-the-nigerian-microfinance-policy-measures-institutions-and-operations-by-bo-iganiga/
 
Jan 20, 2009 – “MICROCAPITAL STORY: Malawi Ministry of Justice and Constitutional Affairs Makes Progess in Completing Customization of Microfinance and Financial Cooperatives Bills; Efforts to Pass the Bills Could be Hampered by Parliamentary Delays,” by Yanni Hao,  https://www.microcapital.org/microcapital-story-malawi-ministry-of-justice-and-constitutional-affairs-makes-progress-in-completing-customization-of-microfinance-and-financial-cooperatives-bills-efforts-to-pass-the-bills-could-b/
 
Dec 16, 2008 – “NEWS WIRE: Jordan: International Finance Corporation (IFC) to Help Jordan Introduce Credit Bureau Legislation, Support Smaller Businesses,” by Sophia Kittler, https://www.microcapital.org/newswire-internationafc-to-help-jordan-introduce-credit-bureau-legislation-support-smaller-businesses/
 
Dec 10, 2008 – “MICROCAPITAL STORY: Cameroon’s Microfinance Industry in Need of Regulation if it is to Meet Poverty Eradication Expectations,” by Lori Curtis, https://www.microcapital.org/microcapital-story-cameroons-microfinance-industry-in-need-of-regulation-if-it-is-to-meet-poverty-eradication-expectations/
 
Oct 30, 2008 – “MICROCAPITAL STORY: Central Bank of Nigeria Grants 815 New Microfinance Licenses,” by Lois Curtis,  https://www.microcapital.org/microcapital-story-central-bank-of-nigeria-grants-815-new-microfinance-licences/
 
Oct 27, 2008 – “MICROCAPITAL STORY: Cambodian Credit Bureau To Be Launched for Regulating Banking and Microfinance,” by Lois Curtis, https://www.microcapital.org/microcapital-storycambodian-credit-bureau-to-be-launched-for-regulating-banking-and-microfinance/
 
Oct 15, 2008 – “MICROCAPITAL STORY: Kenyan Microfinance Trade Association Puzzled as Only Two MFIs Participate in New “Friendly” Regulation,” by Lois Curtis, https://www.microcapital.org/microcapital-story-kenyan-microfinance-trade-association-puzzled-as-only-two-mfis-participate-in-new-friendly-regulation/
 
by Hio Kyeng Lee, Research Associate.

Similar Posts: