Introduction of self-regulation system to Kyrgyzstan Microfinance sector

Objective:

The objective of this assignment is to provide advisory and expert support of the National Bank of the Kyrgyz Republic, Association of Microfinance Institutions (AMFI) and other parties involved on the functioning and implementation of the Self-regulatory organization (SRO) institution.

Results:

  1. Report on the feasibility of introduction of an SRO mechanism for nonbank financial organizations that do not attract deposits;
  2. Concept paper on the SRO system fully functioning/operating in the realm of the Kyrgyz Republic;
  3. Develop and submit a roadmap with recommended measures to introduce SRO;
  4. Draft rules and regulations for the introduction of an SRO mechanism for nonbank financial organizations that do not attract deposits;
  5. Prepare a package of the respective draft law and supporting documentation to be approved by the Board of the National Bank of the Kyrgyz Republic in accordance with the established procedure;
  6. Results of the needs assessment
  7. Develop promotional media materials on SRO (i.e. posters, infographics, articles).