| Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region Contributor(s): Asian Development Bank (Author) |
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ISBN: 9292575716 ISBN-13: 9789292575717 Publisher: Asian Development Bank OUR PRICE: $18.05 Product Type: Paperback Published: November 2016 * Not available - Not in print at this time * |
| Additional Information |
| BISAC Categories: - Social Science | Regional Studies - Business & Economics | Development - General - Business & Economics | Banks & Banking |
| Physical Information: 0.11" H x 8.5" W x 11" (0.34 lbs) 42 pages |
| Themes: - Cultural Region - Asian |
| Descriptions, Reviews, Etc. |
| Publisher Description: Transaction reforms in eight Pacific Island countries have shown the value in "movable" assets such as machinery, inventory, and accounts receivable for use as collateral in borrowing. They can benefit businesses and financial institutions that offer business loans. Yet, despite these reforms, financial institutions remain unwilling to lend. Businesses still find it hard to access the credit they need to grow, which in turn creates jobs and drives the economic activity needed in the Pacific. Credit guarantees are often proposed as an instrument to overcome this problem. However, as this report finds, there is no strong theoretical justification for their use. |