microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full …. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by … nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local …

The global financial crisis affected microfinance institutions (MFIs) as lending growth was constrained by scarcer … to explain differences in lending rate levels. This suggest that regulation (and policies) promoting MFI competition, and …

Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance … 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. …

accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a liquidity buffer provides … complete insurance against small shocks, transparency covers also large shocks but imperfectly. Due to leverage, an unregulated … bank may choose insufficient liquidity buffers and transparency. The regulatory response is constained: while liquidity …

€”will be needed to put securitization back on a sound, growth-supportive footing. The note departs from others in proposing a …

actions; and strengthening transparency and the reliability of data. …

financial stability. This would place the economy on a long-term, sustained inclusive growth path. Implementation of …

-term pressures and on reforms to support sustained growth. There was agreement that the policy effort should focus on compensatory …