Development Banks
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1963Author(s)/Corporate Author (s)
Chafanel;United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP);
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Financing development consists both in maintaining and extending the processes which tend to expand. these have already been examined and to promote enterprises and new structures by means of long term and medium term financial operations, so as to stress development, to consolidate it and to change the very characteristics of the economy. In developing countries, where the monetary sector is small, where public resources are scarce, where the tendency to save is not very strong because incomes are low, where resources in foreign currency are often limited, where it is important to avoid excessive inflation which by ruining the money would throw the country in rudimentary economy, a specific action seems indispensable. This is why we saw several organs being set up to insure the financing of development. Without wasting any time in studying some of the well-known systems set up by countries who had a particular responsibility in Africa, these mechanisms still play an essential role, we will have to study attentively new Institutions.
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“Chafanel; United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP) (1963). Development Banks. Dakar. © UN. IDEP. https://hdl.handle.net/10855/42463”Collections
- Development Finance [1555]