The paper is a follow-up to an article published in Technique Financière et Developpement in 2000 (see the appendix to the hardcopy version), which portrayed the first results of a new strategy in the field of development finance implemented in South-East Europe. This strategy consists in...

Mali, with a population of 11.7m, 70 percent rural, is located in the Sahel zone of West Africa. With a per capita income of US$245 and a Human Development Index rank of 174, it is among the poorest countries in the world, highly vulnerable to external impacts.

Greater financial intermediation has a positive impact on economic development of a country and banks can play a stabilizing role in an era of rising income inequality. Despite numerous models such as priority sector lending, SHG model, Correspondent banking, RRBs, UCBs, etc. the agenda of...