New Horizons > June 2001

New Controls in Bolivia

The largest Bolivian micro finance institutions have agreed to be regulated by a framework designed to control Private Financial Funds (PFFs), according to a report from the country.

Martina Wiedmaier-Pfister, team leader of the Rural Financial Systems Development Project, says the change is because Bolivian micro finance groups want to diversify their funding and, in particular, be allowed to set up savings schemes.