Access to Finance
Asian Development Bank | April 2008
Abstract
Well-functioning financial markets are essential for promoting economic growth. Without finance, businesses cannot start or grow. The difference between repressed financial markets and those that work effectively can vary growth rates by as much as two percentage points a year—more than the average economic annual growth rate of Pacific island countries over the past two decades. Well-functioning financial markets provide not only investment finance to large businesses, but also assistance to home buyers, financing for automobile purchases, working capital for small businesses, loans for education to improve human capital, and loans to farmers and others in the rural sector to improve crops and access new markets.
Citation
Asian Development Bank. 2008. Access to Finance. © Asian Development Bank. http://hdl.handle.net/11540/3476. License: CC BY 3.0 IGO.Keywords
Cofinancing
Development Financing
Economic Development and Finance
Finance
Financial Advisory Services
Financial Assistance
Financial Support
ADB
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http://hdl.handle.net/11540/3476Metadata
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