Licensing of Development Finance Institutions Directive 2018

The Reserve Bank of Malawi issued the Licensing of Development Finance Institutions Directive 2018 to establish a comprehensive regulatory framework for development finance institutions. The directive mandates that all qualifying entities obtain formal licensing before commencing operations and adhere to prescribed capital adequacy, governance, and reporting standards. It further outlines the application procedures, supervisory powers, and enforcement mechanisms to ensure financial stability and sectoral growth.