The Enhancement of Interest Rate Policy in Microfinance (2012)
The development of small business is becoming an increasingly significant factor in securing economic growth and employment, as well as stimulating domestic demand and industrial cooperation in Uzbekistan. During the last decade Uzbekistan has taken significant steps in establishing the legal framework for the development of microfinance.
Despite this comprehensive legal framework, the microfinance sector has not yet realised its potential. At the same time the development of the microfinance sector is one of the most important tools for mitigating the negative impacts of the instability inherent in the post-crisis global economy.
The publication has been produced with support of UNDP «Support to the Development of the Microfinance Sector» project. © Сenter for Economic Research, 2012 © UNDP, 2012 Policy Brief_The Enhancement of Interest Rate Policy in Microfinance_2012_(Russian only)
