Microfinance in West Africa: Regulatory efforts must be pursued

The number of MFIs in West African Economic and Monetary Union (WAEMU) countries increased sevenfold between 1993 and 2011, from 100 to 770. Regional institutions have set out to address the growth of microfinance by introducing provisions to oversee the activity of MFIs. Regional regulatory harmonization is the prerequisite for the sustainable development of microfinance within a stable and effective ecosystem.

Interview 4 MIN