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

Diamanta Sojeva, Armand Krasniqi and Mejdi Bektashi

International Journal of Economics & Business Administration (IJEBA), 2020, vol. VIII, issue 4, 515-524

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.

Keywords: Legislation; non-governmental organizations; microfinance institutions; lending; financing. (search for similar items in EconPapers)
JEL-codes: K20 K23 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:viii:y:2020:i:4:p:515-524

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