Microfinance Institutions and Public Policy

Hardy, Daniel; , Paul Holden; Prokopenko, Vassili

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Microfinance Institutions and Public Policy

IMF Working Paper No. 02/159

36 Pages Posted: 1 Feb 2006

See all articles by Daniel Hardy

Vassili Prokopenko

International Monetary Fund (IMF) - Monetary and Financial Systems Department

Date Written: September 2002

Abstract

Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance institutions (MFIs). The appropriate level and form of support for MFIs are discussed in this paper on the basis of a review of key MFI characteristics. Governments are also responsible for the regulation of MFIs; here, some principles concerning the extent and coverage of MFI regulation and supervision are developed.

Keywords: microfinance, microcredit, bank regulation

JEL Classification: G21, G28, O16

Suggested Citation: Suggested Citation

Hardy, Daniel and Holden, Paul and Prokopenko, Vassili, Microfinance Institutions and Public Policy (September 2002). IMF Working Paper No. 02/159, Available at SSRN: https://ssrn.com/abstract=879990