Moratorium for Micro-Financing DebtsThe so-called "Moratorium Law", passed yesterday in Nicaragua, could have a strong negative effect on the availability of credit for the productive sector.Thursday, February 25, 2010
One of the criticisms of the new regulation is that it sets interest rates by law. Opponents argue that the cost of money changes with the variations of the international financial markets. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Assembly Passes Microcredit LawJune 2011 The Nicaraguan Assembly has passed a law on the promotion and regulation of microcredit. Alba Caruna Exempt From New Microfinance ActJune 2011 The Alba Caruna cooperative may continue to operate as second-tier bank with microfinancers beyond regulation of the new law. Nicaragua: Consensus Achieved on Law for MicrocreditJune 2011 In the coming weeks, the bill which has been approved by the public and private sector will be sent to the Assembly. Nicaraguan Financing Companies Oppose “Moratory Law”April 2010 Asomif will submit a plea for unconstitutionality at the Supreme Court of Justice.
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