These rules will further aim to contribute to the stable and efficient performance of these institutions and protect clients (in particular those making deposits) against excessive risks that may arise from failure, fraud, or opportunistic behaviour.
Ladies and Gentlemen; to achieve the above, and in preparation to regulate and supervise the institutions that will be licensed under the Microfinance Act, the Central Bank is deeply involved in its capacity as well as the microfinance industry’s capacity, in collaboration with key microfinance stakeholders.