Institutional rural finance: lessons from the past and reforms for the future

Abstract

Since their inception, the rural finance institutions have been unable to meet the expectations of planners and beneficiaries, and concerns have been raised about a lack of credit facilities for the rural sector. In spite of three decades of experience in rural financing, Papua New Guinea has not been able to establish a viable rural financial institution. Reforms to the Rural Development Bank to improve its performance are suggested here. Show more