The Least Developed Countries Report 1996

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Reviews recent socio-economic development in the least developed countries (LDCs) and the progress in the implementation of support measures. Chapters deal with such issues as possibilities of further debt-relief, role of micro-enterprises and the role of women and environmental problems in the LDCs. The main theme of the 1996 Report is the impact of globalization and liberalization on the LDCs.



Financial-sector reforms in LDCs

A serious constraint on economic growth and structural transformation in the LDCs is the poorly developed nature of their financial systems. Levels of financial intermediation are low in relation to the size of GDP, financial systems are relatively undiversified, financial institutions (FIs) are often inefficient and their financial status is precarious due, inter alia, to the accumulation of non-performing loans and inadequate capitalization.


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