Date Published:
Jun 01, 1999
Policy Notes
Focus Area(s):
PN 1999-03

Investigation whether small-scale borrowings are effective or not indicate the failure of loan guarantees to stimulate the target groups. While it has some merits to boasts, results show that the programs, being subsidy dependent, lead to its unsustainable operation. Hence, audit should be instituted on the three loan guarantee institutions.

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