Financial Intermediation in Rural Development: Success/Failure of Rural Banks in Sierra Leone - Softcover

Conteh, Bob Karankay

Softcover

ISBN 10: 6139932165 ISBN 13: 9786139932160

Verlag: LAP LAMBERT Academic Publishing, 2018

Inhaltsangabe

Sierra Leone has, over the decades, tried to provide finance to rural residents through various credit programmes. From the first Agricultural Loans Schemes to the current Community banks, the underlying policy has been the provision of cheap credit as a means of 'bribing' rural residents, especially farmers, to adopt new technologies-seeds, fertilizers etc. But the effect has been, at best, a mixed outcome of miniscule success and huge failure. What this book has revealed is that the informal financial market is operating and performing vital intermediation roles. Formal financial institutions need to recognize and emulate these if they are to succeed in the rural development drive. The book suggests that rural financial intermediation goes beyond the provision of cheap credit. It requires, inter alia, an enabling economic environment (i.e. well integrated mix of economic policies), good roads, emulating the informal financial sector's modus operandi, education for credit users, market centres and well trained rural banking personnel. The book has also demonstrates that the mistakes of past credit policies are still being replicated. A new thinking is now of the essence.

Über diesen Titel

Über die Autorin bzw. den Autor

Bob K. Conteh from Bumba Village, Northern Sierra Leone was educated at S. L.Grammar School, Njala, Reading and Leeds Universities, earning Bachelors, Masters, PhD degrees respectively in Development Economics. Spent 27 years in Central Banking, attaining Director Banking and International Finance positions and became Deputy VC at Njala University.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2018
• Sprache: Englisch
• ISBN 10: 6139932165
• ISBN 13: 9786139932160
• Einband: Taschenbuch
• Anzahl der Seiten: 276
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: SIA OmniScriptum Publishing; customerservice@vdm-vsg.de; ; Brivibas gatve 197; Riga; 1039; Lettland