Open AccessMicrofinance Institutions in Kosovo Regulation and Supervision Issues and Challenges
Author(s) -
Veton Zeqiraj,
Fitor Murati,
Valon Zeqiraj
Publication year - 2017
Publication title -
review of european studies
Language(s) - English
Resource type - Journals
eISSN - 1918-7181
pISSN - 1918-7173
DOI - 10.5539/res.v9n4p94
Subject(s) - microfinance , business , context (archaeology) , accounting , public relations , political science , economics , economic growth , paleontology , biology
We examine the need for regulatory reform of Microfinance Institutions (MFIs) in Kosovo. On its substance, this paper highlights the prevailing importance of a regulatory reform that enables transformation of MFIs incorporated as Non-Governmental Organizations (NGOs) to Joint Stock Companies (JSC) and the respective implications. In doing so, the paper highlights a wide range of challenging issues related to the regulation and supervision of MFIs with careful reflections carried out and strategic decisions considered. Intrinsic and extrinsic challenging issues are investigated in the context of local market settings and circumstances with a great deal of consideration of international standards and best practices on regulation and supervision of MFIs.