Theory question 108
Financial InstitutionsSection B (answer four questions only from this section)
Outline the role of development banks in the economic development of West African countries.
Show the model answer
Model answer
They give medium- and long-term loans for industrial, agricultural and infrastructural projects.
They help implement government development policies.
They provide technical and managerial advice to entrepreneurs.
They carry out feasibility studies and supervise projects they finance.
They take equity shares in new enterprises.
They finance manpower training.
They encourage indigenous entrepreneurs and small and medium enterprises.
They attract foreign capital and guarantee loans.
Explanation
Link each role to development.