PECULIARITIES OF ECONOMIC AND LEGAL REGULATION OF MICROFINANCE IN ARMENIA
This article reveals the key features ofthe regulation of microfinance institutions (MFIs) and microfinance services in the Republic of Armenia, through carefulanalysis of the legal framework. The article discusses the process of becomingmicrocredit regulatory laws and regulations, their current statu...
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2016-08-01
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| Series: | Статистика и экономика |
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| Online Access: | https://statecon.rea.ru/jour/article/view/748 |
| Summary: | This article reveals the key features ofthe regulation of microfinance institutions (MFIs) and microfinance services in the Republic of Armenia, through carefulanalysis of the legal framework. The article discusses the process of becomingmicrocredit regulatory laws and regulations, their current status and differences from the Russian experience. Particularattention is given to the Central Bank ofArmenia (CBA), as the sole regulator ofmicrofinance, which is responsible forlicensing, sets prudential standards andrequirements and regulates the executionof the latter. |
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| ISSN: | 2500-3925 |