The meeting, organized by the Committee for budget and economic reforms of the Legislative Chamber, was attended by heads of relevant ministries and agencies, commercial banks and microfinance institutions.

The Law "On microfinancing" guarantees rights and equal economic conditions in the field of small business and private enterprise, support of the class of owners and effective use of necessary financial sources for adaptation to the competitive environment in the free market.

In accordance with the President’s decree of May 2006, joint-stock credit bank Microcreditbank was set up in the country. Its priority is the establishment of the microfinancing system covering all entities and individuals that need microfinancing services.

Currently, all commercial banks, 59 credit associations, 31 pawnshops and 18 microcredit organizations provide microfinancing services in the fields of small business, private enterprise and farming, self-employment, family business and home work, especially in rural areas.

The meeting participants drew the attention to the inadequate study by the microfinancing organizations of the needs in microfinancing services in the regions.