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In literature and practice the term “development bank” is commonly applied to investment banks for the financing of …- and long-term funds. Complementary consultative functions are occasionally performed as well while other bank transactions … development bank has proved too narrow, too normative and too general. …
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As the flow of financial aid from the industrial countries may be expected to shrink rapidly as a consequence of their economic difficulties, the developing countries will have to find out possibilities of using their own financial resources more effectively. In this connection the task of...
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Countries in acute payments difficulties generally seek the support of the International Monetary Fund. IMF credits are granted subject to compliance with economic conditions that have repeatedly given cause for criticism. The two articles that follow, by Jörn Altmann and Joachim Betz, examine...
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