PECULIARITIES OF ECONOMIC AND LEGAL REGULATION OF MICROFINANCE IN ARMENIA
https://doi.org/10.21686/2500-3925-2015-3-145-150
Abstract
This article reveals the key features ofthe regulation of microfinance institutions (MFIs) and microfinance services in the Republic of Armenia, through carefulanalysis of the legal framework. The article discusses the process of becomingmicrocredit regulatory laws and regulations, their current status and differences from the Russian experience. Particularattention is given to the Central Bank ofArmenia (CBA), as the sole regulator ofmicrofinance, which is responsible forlicensing, sets prudential standards andrequirements and regulates the executionof the latter.
Keywords
микрофинансирование,
регулирование,
ЦБ РА,
Армения,
становление,
УКО,
нормативы,
лицензирование,
microfinance,
regulation,
CBA,
Armenia,
formation,
UCO,
regulations,
licensing
About the Author
Artak T. Yarazyan
Moscow State University of Economics, Statistics and Informatics (MESI)
Russian Federation
Russian Federation
References
1. Закон РА «О кредитных организациях». 2002г. https://www. cba.am/AM/lalaws/Varkayin_ kazmakerputyunneri_masin.pdf
2. Закон РА «О потребительском кредитовании». 2008г. https:// www.cba.am/AM/lalaws/Sparoxakan_ kreditavorman_masin_vark.pdf
3. Закон РА «О кредитных бюро и обращения кредитной информации». 2008г.https://www.cba.am/ AM/lalaws/Varkayin_texekatvutyan_ shrjanarutyan_masin.pdf
4. Главы 46(Заем) и 47(Кредит) ГК РА. 1998г. http://www.arlis.am/
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6. Постановление совета ЦБ РА «О классификации кредитов и формировании резервов от возможных потерь». 1999г. https://www.cba.am/ AM/laregulations/Voroshum_63.pdf
7. Постановление совета ЦБ РА «О порядке предоставления потребительских кредитов и займов кредитнымиорганизациями». 2002г. https://www.cba.am/AM/laregulations/ sparox_vark.pdf
8. ЗаконРФ«Омикрофинансовой деятельности и микрофинансовых организациях». 2010г. http://base. garant.ru/12176839/
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10. RA Law «On Credit Institutions». 2002. https://www.cba.am/AM/lalaws/ Varkayin_kazmakerputyunneri_masin.pdf
11. RA law «On consumer credit». 2008. https://www.cba.am/AM/lalaws/Sparoxakan_kreditavorman_masin_vark.pdf
12. RA Law «On credit bureaus and circulation of credit information». 2008g.https: //www.cba.am/AM/lalaws/Varkayin_texekatvutyan_shrjanarutyan_masin.pdf
13. Chapter 46 (loan) and 47 (Credit) of the Civil Code of RA. 1998. http:// www.arlis.am/
14. The decision of the Board of the Central Bank «On regulation of credit institutions and the prudential standards.» 2002. https://www.cba.am/AM/ laregulations/kan-14.zip
15. Resolution of the Board of the Central Bank «On loan classification and formation of reserves against possible losses.» 1999. https://www.cba.am/ AM/laregulations/Voroshum_63.pdf
16. Resolution of the Board of the Central Bank «On the procedure of granting consumer loans and loans from credit institutions.» 2002. https://www.cba.am/AM/laregulations/ sparox_vark.pdf
17. RF Law «On microfi nance and microfinance institutions.» 2010. http:// base.garant.ru/12176839/
18. RA Law «On State Support of Small and Medium Enterprises.» 2000. http://www. parliament.am/legislation. php?sel=show&ID=1952&lang=rus
Review
For citations:
Yarazyan A.T. PECULIARITIES OF ECONOMIC AND LEGAL REGULATION OF MICROFINANCE IN ARMENIA. Statistics and Economics. 2015;(3):145-150. (In Russ.) https://doi.org/10.21686/2500-3925-2015-3-145-150
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