Regulatory Alerts2022-03-14
Added · Updated
Instruction No. 2022-01/IMF on the Categorization of Microfinance Institutions and Minimum Social Capital
The Central Bank of Djibouti issued Instruction No. 2022-01/IMF to formally categorize Microfinance Institutions (MFIs) into three distinct groups based on their legal structure and operational scope. The directive mandates that first- and second-category MFIs must maintain own funds equal to at least half of their social capital at all times, while specifying that only second-category capital companies require a minimum capital of 50 million Djiboutian Francs to collect public savings. Third-category government-backed programs are exempt from minimum capital requirements and are prohibited from collecting public deposits.