Regulatory Alerts2007-01-01
Instruction 08 on Prudential and Management Standards for Microfinance Institutions
The Central Bank of Mauritania issued Instruction No. 08 IG 2007 to establish comprehensive prudential and management standards for Microfinance Institutions (MFIs) operating in the country. The regulation mandates specific solvency, liquidity, and risk-division ratios for Category A, B, and C MFIs, while requiring networked entities to apply consolidated calculations and maintain internal guarantee funds. It further enforces financial viability, caps on customer exposures, limitations on management loans and participations, and quarterly reporting obligations to ensure transparent and sustainable operations.
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