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CONFERENCE MONDIALE SUR LE CREDIT A L'INTENTION DES AGRICULTEURS DANS LES PAYS EN DEVELOPPEMENT: FAO - ROME, 14-21 OCTOBRE 1975, DISCOURS D'OUVERTURE / WORLD CONFERENCE ON CREDIT FOR FARMERS IN DEVELOPING COUNTRIES: FAO - ROME, 14-21 OCTOBER 1975: OPENING STATEMENT
Vol. 3, No. 1 (1976), pp. 3-13
Published by: Giordano Dell-Amore Foundation
Stable URL: http://www.jstor.org/stable/25829566
Page Count: 11
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After mentioning CARIPLO's early commitment to agricultural credit problems both in Italy and in developing countries, Professor Dell'Amore touches upon the main aspects of a sound credit policy for the rural sector. First, it is stressed that in developing countries credit availability for small farmers is restricted by a host of interrelated factors, including land tenure, subsistence oriented production, technical and administrative education, functional organization of agricultural credit, marketing channels. Co-operative structures can help in reaching the small farmer if operated through an extensive network and managed, in the interest of the smaller participants, by skilled administrators. Public policy, however, is the basic factor of success: savings promotion and credit supply in rural areas will not be effective if legislation, government investment and the central bank do not supply the needed complementary inputs both at the functional (e.g., anti-cyclical policies, liquidity policies for agricultural credit institutions, etc.) and at the structural level (e.g., investment in a new financial system, in rural infrastructure, in education, etc.).
Finafrica Bulletin © 1976 Giordano Dell-Amore Foundation