Country Study


The Country Study (CS) provides an overview of how conducive to investments a specific market is, with a focus on regulation/supervision and the functioning of the financial/microfinance sector. It also provides a screening of the main market players, mapping out the most promising financial service providers and those that might represent a good fit for investment and/or technical assistance.


The Country Study is intended to help interested stakeholders to:

  • Identify investment opportunities as well as opportunities for development and innovation in new markets and countries;
  • Identify challenges and potential risks characterizing markets of interest and evaluate needs of technical and financial support;
  • Identify promising financial service providers to facilitate deal sourcing.


Investors, DFIs, development agencies and other stakeholders engaged in responsible finance.

How it works?


The standard CS follows a 4-step process:


Existing Country Studies

FCS: Full Country Study
MSM: Microfinance Sector Mapping
: Confidential

Country Service Latest Update Previous Editions Abstract
Morocco FCS March 2017
Côte d’Ivoire FCS February 2017
Kenya FCS – with SME section January 2017 August 2014
Nepal FCS November 2016
Bangladesh FCS November 2016
India FCS November 2016 December 2009
Pakistan FCS November 2016
Sri Lanka FCS November 2016
Swaziland FCS May 2016
Rwanda FCS August 2015
Zambia FCS June 2014
DRC FCS June 2014
Malawi FCS June 2014
Nigeria FCS June 2014
Burundi MSM May 2013
Morocco MSM May 2013
Dominican Republic MSM July 2010
El Salvador MSM July 2010
Brazil FCS June 2010
Honduras MSM April 2010
Guatemala MSM April 2010
Mexico FCS March 2010
China FCS December 2009
Kyrgyzstan FCS July 2009
Colombia FCS May 2009
Argentina FCS December 2008

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