International analysis of economic growth has confirmed the theoretical assumption that international variations in per capita income can to a large extent be explained by differences in the accumulation of capital and human capital and by differing rates of technological progress. However,...

In diesem Beitrag formulieren wir zunächst einige Hypothesen über die möglichen Beiträge der Währungspolitik zur gesamtwirtschaftlichen Entwicklung vor dem Hintergrund des berühmten Trilemmas, das prinzipiell für jede Währungsordnung gelöst werden muss. Anschließend lassen wir in einem...

Throughout the developing world, there is a desperate quest for a way out of the financial predicament confronting the rural poor. In most countries of the developing regions, especially South Asia and Sub-Saharan Africa, the rural population forms the larger proportion of the entire population...

This Conference brings together the financial experience of rural and agricultural microfinance institutions and the experience of the Common Fund and other agencies with promoting commodities and small and micro-entrepreneurs producing, processing and marketing commodities. We expect that this...

The policy of development through subsidized credit has largely failed. Development policy is presently being reoriented towards savings mobilization supplement by credit programs based on personal savings. Formal financial markets are ineffective in mobilizing savings in Third World countries...

In most developing countries, access to financial services by all segments of the population, including low-income people, is a matter of growing concern. Many governments have responded positively to this concern by embarking on financial system reform. They have attempted to match people?s...

Why does IFAD need rural finance guidelines? With its exclusive emphasis on rural poverty alleviation, IFAD enjoys a competitive advantage over other development agencies, and should strengthen its role by providing support for the development of rural finance as an important instrument. The...

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...

That has to be uppermost in our minds as we think about what microfinance means. For IFAD, the finance issue is crucial to the task of reducing rural poverty. We do not insist on any particular institutional model. The demand for financial services is very diverse even among the poor, and we...

International climate policy has assigned the leading role in emissions abatement to the industrialized countries while developing countries remain uncommitted to binding emission reduction targets. However, cooperation between the industrialized and the developing world through joint...