Par Florent Bédécarrats GRET-CERISE et Reynaldo Marconi FINRURAL
Cet article est publié avec l’aimable autorisation de la Revue Tiers Monde, 197(1), 2009.
Abstract
Bolivia, a microfinance pionneer, is also among the first countries that implemented a regulation of this activity. Firmly supported by international institutions, this framing was designed to support a commercial vision of the sector, promoting its growth and sustainability. The settled rules urged upon the practice standardization and gave priority
to profitability and stability. Nevertheless, they hampered the capacity of microfinance service providers to meet the social mission they initially stood for. Given these limitations, the Government impulsed public policies that pressure them to intervene more in support to rural and productive sectors. To overcome these antagonist constraints, some actors put some norms forward that combine social and financial criteria. In the current context, such evolutions can contribute to the reflexions toward a better regulation of the financial sector.
Keywords: Bolivia, microfinance, development, regulation, norms..
