Abstract
A major characteristic of bank loans in less developed countries (LDCs) is that they are of a short-term nature. This does not go well with the declared objectives of LDC governments to foster development by encouraging investment in projects of medium and long-term duration.
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Notes and References
Government of Ghana, Ghana Economic Review (1971–72), p. 243.
ADB, Annual Report 1978, p. 16.
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© 1989 M. M. Huq
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Huq, M.M. (1989). Development Banking. In: The Economy of Ghana. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19749-1_10
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DOI: https://doi.org/10.1007/978-1-349-19749-1_10
Publisher Name: Palgrave Macmillan, London
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Online ISBN: 978-1-349-19749-1
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