Credit Guarantees

Challenging Their Role in Improving Access to Finance in the Pacific Region

Business & Finance, Finance & Investing, Corporate Finance, Economics, Economic Development
Cover of the book Credit Guarantees by Asian Development Bank, Asian Development Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Asian Development Bank ISBN: 9789292575724
Publisher: Asian Development Bank Publication: October 1, 2016
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292575724
Publisher: Asian Development Bank
Publication: October 1, 2016
Imprint: Asian Development Bank
Language: English

The Pacific Private Sector Development Initiative---a regional technical assistance facility cofinanced by the Asian Development Bank (ADB), the Government of Australia, and the Government of New Zealand---has undertaken landmark secured transaction reforms in eight Pacific Island countries. These reforms have unlocked the value in "movable" assets such as machinery, inventory, and accounts receivable for use as collateral in borrowing. They have the potential to 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 so desperately needed in the Pacific. Credit guarantees are often proposed as an instrument to overcome this problem. However, as this publication demonstrates, there is no strong theoretical justification for their use.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Pacific Private Sector Development Initiative---a regional technical assistance facility cofinanced by the Asian Development Bank (ADB), the Government of Australia, and the Government of New Zealand---has undertaken landmark secured transaction reforms in eight Pacific Island countries. These reforms have unlocked the value in "movable" assets such as machinery, inventory, and accounts receivable for use as collateral in borrowing. They have the potential to 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 so desperately needed in the Pacific. Credit guarantees are often proposed as an instrument to overcome this problem. However, as this publication demonstrates, there is no strong theoretical justification for their use.

More books from Asian Development Bank

Cover of the book ADB Through the Decades: ADB's Fifth Decade (2007-2016) by Asian Development Bank
Cover of the book Poverty and Sustainable Development in Asia by Asian Development Bank
Cover of the book Access to Justice for the Urban Poor by Asian Development Bank
Cover of the book Asian Development Review by Asian Development Bank
Cover of the book Financing Road Construction and Maintenance after the Fuel Tax Reform by Asian Development Bank
Cover of the book Case Studies on Cross-Border Ecotrade by Asian Development Bank
Cover of the book Information and Communication Technology for Development by Asian Development Bank
Cover of the book Buyer, Regulator, and Enabler: The Government's Role in Ecosystem Services Markets by Asian Development Bank
Cover of the book Pacific Private Sector Development Initiative by Asian Development Bank
Cover of the book Myanmar: Status and Potential for the Development of Biofuels and Rural Renewable Energy by Asian Development Bank
Cover of the book Road Map for the National Single Window in Maldives by Asian Development Bank
Cover of the book Bridging the State-Society Gap by Asian Development Bank
Cover of the book ADB Financial Profile 2013 by Asian Development Bank
Cover of the book Asia Bond Monitor September 2009 by Asian Development Bank
Cover of the book Greater Mekong Subregion Power Trade and Interconnection by Asian Development Bank
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy