Microfinance and the Global Financial Crisis: A Call for Basel

IFC | IFC

This paper reviews recent publications that have drawn conclusions on the effects of the global financial crisis based on empirical data research. It draws the conclusion that proper governance and risk management systems are essential and could have avoided many of the problems specific microfinance institutions (MFIs) faced during the financial crisis. It highlights Basel framework sections relevant to MFIs and demonstrates how these can be applied to strengthen MFIs.

Categories:
Microfinance
Pages:
45
Year of publication:
31.01.2014
External Document: