Abstract
This chapter provides an overview of credit and loan institutions. While banks are prepared, as part of their services, to offer various credit facilities, such loans are only one of a number of services they perform. Some institutions, on the other hand, specialize in providing means of credit and range in character from development banks to pawn shops. The needs of the economy help to determine the institutions that are required to help provide the necessary financial resources. Consequently new institutions arise, while others decline and become obsolescent. Development banks, of which about 80 are in existence, have grown up to provide finance in countries where economic progress has, until now, been slow. The functions of these banks have gradually broadened to include the promotion of industry and agriculture and the necessary guidance that accompanies such services. The factors that are relevant to the creation of this type of institution are covered in a pioneer volume entitled Development Banks by W. Diamond.
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