Als wichtigstes Finanzierungsinstrument hat sich in der Dritten Welt die Durchleitung subventionierter Kredite über Entwicklungsbanken herausgebildet. Die Folge war: Die Ersparnismobilisierung wurde übergangen, das informelle Finanzwesen ignoriert, die Tragfähigkeit von Finanzinstitutionen...

Two thirds of the Fund's current projects have a rural finance component; about 21% of the Fund's resources are dedicated to rural finance.2 Most of IFAD's target group are small producers engaged in agric ultural and non-agricultural activities in areas of widely varying potential. Direct...

Due to the overall failure of donor-driven subsidized directed credit administered by government-owned development finance institutions, the emphasis in development policy has shifted to (rural) financial systems development and the building of self-reliant, sustainable institutions. While...

The IFAD Rural Finance Policy lists among the initiatives to be supported commercially-operated apex organizations for refinancing MFIs (para. 20) and stipulates that, Equity financing through appropriate apex institutions may be developed by IFAD as a new instrument, which would provide the...

By the mid-1970s, in virtually all of Africa, strategies of modernization and technology transfer had clearly failed to initiate self-sustained processes of development. Government intervention and centralized planning had spurred economic disaster, rather than growth. In the world of finance,...