Abstract
* This article is based on a Sloan School of Management (M.I.T.) Working Paper (395-69) and was written while the author was a visiting assistant professor at M.I.T. (1968-69). He wishes to express appreciation to Profs. J. D. Nyhart (M.I.T.) and Albert Y. Badre (Southern Illinois University), who at various stages of this study provided the author with many valuable insights, and to the Naval PostGraduate School (Monterey, California) for providing a travel grant to collect data in each of the countries in this study. 1 Paul E. Roberts, Jr., An Examination of the Lending Policy of Leading International Financial Institutions in the Light of a Comparative Analysis of Private and Public Development Banks (Ph.D. diss., University of Iowa, 1968). 2 J. D. Nyhart and Edmond F. Janssens, A Global Directory of Development Finance Institutions in Developing Countries (Paris: Development Centre of the Organization for Economic Co-operation and Development, 1967). 3 U.S. Government, Community Self-Determination Act of 1969, United States Community Development Bank, Senate Bill (S.33) (Washington: Government Printing Office, January 15, 1969), p. 120. 4 The banks are: India: Industrial Credit and Investment Corporation of India (ICICI) (private) and Industrial Development Bank of India (IDBI) (public); Iran: Industrial and Mining Development Bank of Iran (IMDBI) (private) and Industrial Credit Bank of Iran (ICBI) (public); Pakistan: Pakistan Industrial Credit and Investment Corporation (PICIC) (private) and Industrial Development Bank of Pakistan (IDBP) (public); Philippines: Private Development Corporation of the Philippines (PDCP) (private) and Development Bank of the Philippines (DBP) (public).
Published Version
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