Regulatory Alerts2011-04-13
Law No. 179/AN/07/5th Legislature Regulating Microfinance Activities in the Republic of Djibouti
The National Assembly of Djibouti enacted Law No. 179/AN/07/5th Legislature to regulate microfinance activities, defining institutions, categories, and operational requirements under the supervision of the Central Bank of Djibouti. The legislation mandates strict licensing procedures, minimum capital standards, and governance rules for microfinance entities, including associations, capital companies, and government projects. It further establishes frameworks for mergers, dissolutions, professional associations, and cooperation with the traditional banking system to ensure social and financial viability.
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