INDONESIA - MICRO FINANCE - Gov’t Encourages Microfinance Institutions to Shift

http://en.indonesiafinancetoday.com - The government encourages Microfinance Institutions (Lembaga Keuangan Mikro/LKM) to quickly change into rural banks (Bank Perkreditan Rakyat/BPR) to avoid the practice of shadow banking. Agus Martowardojo, Minister of Finance, said the move was aimed to facilitate the supervision of the institutions conducting community fund raising. (source)