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Publications on legal environment and regulatory work
The Legal Environment for Microfinance Activity in Russia. Analysis and Recomendations for Reform
An in-depth analysis of the various laws and regulations governing microfinance in Russia
This paper analyses provisions of the relevant Russian legislation regulating micorfinance activity; identifies some gaps, inconsistencies, and barriers to the development of micorfinance; and it looks at the practice of micorfinance institutions (MFIs) in applying the laws and regulations. The paper is not designed to be a manual or a collection of practical advice. Some of the quoted case studies of Russian MFIs are not always perfect in all respects, and the author does not suggest that they may always be used as models to follow. these examples serve only to reflect the actual current practicies of Russian MFIs.
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