Regulatory Alerts2012-01-01
Instruction No. 17/GR/2012 Amending Instruction No. 8/GR/2007 on Prudential and Management Standards for Microfinance Institutions
The Central Bank of Mauritania issued Instruction No. 17/GR/2012 to amend the prudential and management standards for Microfinance Institutions. The directive establishes strict exposure ceilings, limiting Category A MFIs to 2.5 million ouguiyas, Category B to 3 million, and Category C to 2 million per single client, while capping Category C credit volumes at 1 billion ouguiyas. These thresholds are subject to annual inflation-based revisions by circular and supersede all prior conflicting provisions effective immediately upon signature.
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