CEU Electronic Theses and Dissertations, 2012
| Author | Turolyev, Glib Oleksandrovitch |
|---|---|
| Title | Inclusive Finance Policy For Ukraine In the Context of Global Microfinance Crisis |
| Summary | The thesis aims to formulate policy recommendations for building an inclusive finance system in Ukraine based on the experience of other transition countries and put within the context of global microfinance crisis. The system is expected to contribute to the solution of the problem of underfinancing of small and medium enterprises, alleviation of poverty and strengthening of middle class, and macroeconomic growth and development. The institutional and regulatory framework of inclusive finance system was developed based on the analysis of economic data, my own experience of working at microfinance institution in Horn Africa, interviews with industry practitioners taken at Global Microfinance Forum 2012 and informal interviews with Ukrainian entrepreneurs. I found that the “mission drift” in microfinance industry contributed to dangerous threats, like clients over indebtedness and methodological flows, which must be controlled by the policymaker. I also found that the current policies in Ukraine of governmental-led support of small and medium enterprises are inefficient and should be replaced by the creation of microfinance industry with operational self-sufficiency. The solution given in the thesis proposes to divide the industry into social and commercial microfinance and concentrate the policy on channeling the micro savings, held “under mattresses”, into the financial system. |
| Supervisor | Attila Rátfai |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2012/turolyev_glib.pdf |
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