Publication:
A Framework for Regulating Microfinance Institutions : The Experience in Ghana and the Philippines

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dc.contributor.authorGallardo, Joselito
dc.date.accessioned2013-09-09T21:46:44Z
dc.date.available2013-09-09T21:46:44Z
dc.date.issued2002-01
dc.description.abstractAn earlier Policy Research Working Paper (Hennie van Greuning, Joselito Gallardo, and Bikki Randhawa, "A Framework for Regulating Microfinance Institutions," WPS 2061, February 1999) presented a regulatory framework that identifies thresholds in financial intermediation activities that trigger a requirement for a microfinance institution to satisfy external or mandatory guidelines-a tiered approach to regulation and prudential supervision. The model focuses on risk-taking activities of microfinance institutions that must be managed and prudentially regulated. The author reports on the results of the field testing and assessment of the tiered approach, focusing on the experience of Ghana and the Philippines. The two countries both have a wide range of informal, semi-formal, and formal institutions providing financial services to the poor, but differ in how they regulate financial intermediation activities by microfinance providers. In his assessment and a comparative analysis, the author focuses on key issues in the regulatory and supervisory environment for microfinance-and in the legal system and judicial processes-being addressed by government authorities and microfinance stakeholders in both countries. He gives particular attention to the thresholds at which intermediation activities become subject to prudential regulation and regulatory standards for capitalization and capital adequacy, asset quality and provisioning for nonperforming loans, and liquidity management. seeks to identify the key elements and characteristics of the microfinance regulatory experience of Ghana and the Philippines and to draw the lessons that may be useful for other countries interested in establishing a regulatory environment conducive to the development of sustainable microfinance institutions. The experience of Ghana and the Philippines shows that a transparent, inclusive regulatory framework is indispensable for enabling microfinance institutions to maintain market specialization and to pursue institutional development that leads to sustainability. Clear pathways for institutional transformation facilitate the integration of microfinance institutions into the formal financial system.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/01/1683377/framework-regulating-microfinance-institutions-experience-ghana-philippines
dc.identifier.doi10.1596/1813-9450-2755
dc.identifier.urihttps://hdl.handle.net/10986/15748
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2755
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFILIATES
dc.subjectANNUAL GROWTH RATE
dc.subjectAPEX
dc.subjectAPEX ORGANIZATIONS
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUTONOMY
dc.subjectAVERAGE CONSUMPTION
dc.subjectBANK FAILURES
dc.subjectBANKING INDUSTRY
dc.subjectBANKING LAW
dc.subjectBANKING LAWS
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBORROWING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectCASE STUDIES
dc.subjectCGAP
dc.subjectCHECKING
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCREDIT UNIONS
dc.subjectDEBT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANKS
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDONOR AGENCIES
dc.subjectECONOMIC GROWTH
dc.subjectELECTRONIC BANKING
dc.subjectEXCHANGE RATES
dc.subjectEXTERNAL SHOCKS
dc.subjectFIELD TESTING
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET POLICIES
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL RESTRUCTURING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINCA
dc.subjectFORMAL INSTITUTIONS
dc.subjectGEOGRAPHICAL AREAS
dc.subjectGRAMEEN BANK
dc.subjectGROWTH RATE
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFORMAL SECTOR
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL CHANNELS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL COMMUNITY
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL RESERVES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISIONS
dc.subjectLEGAL SYSTEMS
dc.subjectLEVERAGE
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMFI
dc.subjectMICRO FINANCE
dc.subjectMICROBANKING
dc.subjectMICROCREDIT
dc.subjectMICROENTERPRISE
dc.subjectMICROENTERPRISES
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE CLIENTS
dc.subjectMICROFINANCE INDUSTRY
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE PRACTITIONERS
dc.subjectMICROFINANCE REGULATION
dc.subjectMICROFINANCE SECTOR
dc.subjectMICROLOANS
dc.subjectMORAL HAZARD
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNONFINANCIAL SERVICES
dc.subjectNONPERFORMING LOANS
dc.subjectOFFERINGS
dc.subjectONSITE EXAMINATION
dc.subjectOUTREACH
dc.subjectPENALTIES
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY FRAMEWORK
dc.subjectPOLICY RESEARCH
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION STRATEGY
dc.subjectPRIVATE SECTORS
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC DEPOSITS
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectREDUCING POVERTY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRISK MANAGEMENT
dc.subjectROSCA
dc.subjectRURAL AREAS
dc.subjectRURAL BANKS
dc.subjectRURAL CREDIT
dc.subjectRURAL POOR
dc.subjectSAVINGS
dc.subjectSAVINGS FACILITIES
dc.subjectSECURITIES
dc.subjectSHARE CAPITAL
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL SAFETY NETS
dc.subjectSPECIALIZED BANKS
dc.subjectSUBSIDIARY
dc.subjectSUSTAINABILITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIME DEPOSITS
dc.subjectURBAN AREAS
dc.subjectURBAN HOUSEHOLDS
dc.subjectVILLAGE BANKS REGULATORY FRAMEWORK
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectMICROFINANCE PROGRAMS
dc.subjectGUIDELINES
dc.subjectRISK MANAGEMENT
dc.subjectFINANCIAL SERVICES
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectSUPERVISORY STRUCTURES
dc.subjectLEGAL SYSTEMS
dc.subjectJUDICIAL PROCESS
dc.subjectREGULATORY STRUCTURE
dc.subjectCAPITALIZATION
dc.subjectCAPITAL ADEQUACY
dc.subjectPROVISIONING
dc.subjectLIQUIDITY CONTROLS
dc.subjectREGULATORY ENVIRONMENTS
dc.subjectSPECIALIZATION
dc.subjectINSTITUTIONAL TRANSFORMATION
dc.titleA Framework for Regulating Microfinance Institutions : The Experience in Ghana and the Philippinesen
dspace.entity.typePublication
okr.crossref.titleA Framework for Regulating Microfinance Institutions: The Experience in Ghana and the Philippines
okr.date.doiregistration2025-04-10T09:42:49.221622Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2002/01/1683377/framework-regulating-microfinance-institutions-experience-ghana-philippines
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid121101468771074096
okr.identifier.doi10.1596/1813-9450-2755
okr.identifier.externaldocumentum000094946_02020204230313
okr.identifier.internaldocumentum1683377
okr.identifier.reportWPS2755
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/02/16/000094946_02020204230313/Rendered/PDF/multi0page.pdfen
okr.region.administrativeAfrica
okr.region.administrativeEast Asia and Pacific
okr.region.countryGhana
okr.region.countryPhilippines
okr.sectorOther Finance
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Rural Finance
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicBanks and Banking Reform
okr.topicPublic Sector Development::Decentralization
okr.topicPayment Systems and Infrastructure
okr.topicPoverty Reduction::Poverty Assessment
okr.topicGovernance::Governance Indicators
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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