Balkans and Caucases Financial Infrastructure Program

completed

Under the Project, IFC will work with financial sector regulators, credit bureaus and financial institutions (FIs) to improve credit information sharing environment in Moldova, Kosovo and Bosnia & Herzegovina with the ultimate goal of reducing information asymmetry in the financial sector and improving access to finance in the Project countries. Specifically, the Project will work on: (i) upgrading the existing credit reporting regulation; (ii) assisting regulators in enhancing their supervision capacity; (iii) building the capacity of the existing credit bureaus; and (iv) assisting the development of institutional arrangements and knowledge in financial literacy / education, and in financial services consumer protection. In particular in Moldova, the project will work with the National Commission for Financial Market and microfinance institutions (MFIs) to explore the ways to include MFIs into the credit reporting system with the goal to improve (i) credit information quality available in the market, (ii) quality of credit decisions at FIs, and (iii) better access to finance to individual and small borrowers.