Regulatory Alerts2020-07-21
Instruction No. 004-DOM/20 amending certain provisions of Instruction No. 003-DOM/20 on an exceptional refinancing instrument to support MSME activities
The Central Bank of Madagascar issued Instruction No. 004-DOM/20 to amend Article 3, paragraph 2 of its May 2020 refinancing directive. The amendment formally includes all Microfinance Institutions approved by the Banking and Financial Supervision Commission as beneficiaries of the exceptional refinancing instrument. Additionally, it establishes that eligible non-MFI enterprises must have an annual turnover of five billion Ariary or less at the time of their latest financial statement publication.
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