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Legal Regulation of Microfinance Institutions as NGOs Following the Judgment of the Constitutional Court

Author

Listed:
  • Diamanta Sojeva
  • Armand Krasniqi
  • Mejdi Bektashi

Abstract

Purpose: This research analysizes the legal effects that may have in the future Judgment of the Constitutional Court of Kosovo on the inadmissibility of some provisions of the Law in the banking sector. Design/Methodology/Approach: In the study we dealt with the statistics of microfinance in institutions such as NGOs and also addressed the decision of the constitutional court regarding the law on banks, microfinance institutions, and non-bank financial institutions. Findings: It is found that, even after the decision of the court, inconsistencies continue to emerge between the functional and operational objectives of MFI - NGOs with those of the Central Bank of Kosovo and the Ministry of Public Administration. Practical Implications: What is considered unclear in this situation is the negligence of state institutions to amend and synchronize a series of legal acts that should more clearly regulate the position and function of MFI - NGOs in the spirit of the Court Judgment Constitutional of Kosovo. Originality/Value: In reality, this situation presents many legal uncertainties for these entities.

Suggested Citation

  • Diamanta Sojeva & Armand Krasniqi & Mejdi Bektashi, 2020. "Legal Regulation of Microfinance Institutions as NGOs Following the Judgment of the Constitutional Court," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 515-524.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:4:p:515-524
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    References listed on IDEAS

    as
    1. Isabel Sainz-Fernandez & Begoña Torre-Olmo & Carlos López-Gutiérrez & Sergio Sanfilippo-Azofra, 2018. "Development of the Financial Sector and Growth of Microfinance Institutions: The Moderating Effect of Economic Growth," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    2. Knar Khachatryan & Vardan Baghdasaryan & Valentina Hartarska, 2019. "Is the model “loans‐plus‐savings” better for microfinance in Eastern Europe and Central Asia? A propensity score matching comparison," Review of Development Economics, Wiley Blackwell, vol. 23(3), pages 1309-1330, August.
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    More about this item

    Keywords

    Legislation; non-governmental organizations; microfinance institutions; lending; financing.;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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