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Co-funded by the European Union

Supporting the Microfinance Sector Regulatory Agency (ARSM) of Niger

Location

Niger

Topic

Business Regulation and Policy

Status

Completed

Year

2021

Context

The purpose of the ARSM is to improve Niger Government’s intervention in the supervision of microfinance activities. On behalf of the Minister of Finance, it supervises decentralised financial systems (microfinance institutions).

Objective

The intervention allowed the ARSM to :

  • Establish a diagnosis of the organisational structure, tools and control methods of the ARSM,
  • Increase the dissemination of the BCEAO sanction guide within the ARSM and the microfinance institutions,
  • Carry out a market study on existing software to process the financial data of the microfinance institutions,
  • evelop a website to facilitate the communication between ARSM and microfinance institutions.

Result

The ARSM staff is better trained and able to carry out its missions. The ARSM is provided with information that will enable it to be more efficient and to better restructure the microfinance sector in Niger. The SFDs are better informed about the sanctions rules and the principles of good governance set by the BCEAO. Communication between the ARSM and the microfinance institutions is improved.

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