Expression of Interest for Econsult Microfinance Institutions Reforming In Kosovo

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Econsult Microfinance Institutions Reforming In KosovoThe Microfinance Sector In Kosovo Is Predominantly Represented By Ngo Mfis This Institutional Form Comes With Substantial Hurdles For The Mfis Abilities To Attract Additional Funding For Expansion Purposes And Inhibits Best Practice Governance Moreover The Current Regulation Restricts The Provision Of Other Financial Services E G Deposits To Low Income Clients Legislative Reforms To Address This Bottleneck And Enable The Transformation Of Ngos Were Attempted In Past But Were Blocked By Civil Society Members Along With A Few Local Ngos In 2021 Ifc Undertook An Initiative Aimed At Re Evaluating The Current Status Quo And Was Successful In Developing A Reform Proposal Addressing Key Civil Society Concerns Now Ifc Considers Launching A Follow Up Project Aimed At Assisting The Kosovan Government With Developing And Adopting A Sound Legislative Framework To Achieve Such An Objective Ifc Is Seeking To Obtain The Services Of A Specialized Independent Consultant

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