Sustainable Rural Finance Intermediation for Sustainable Development of Rural Areas

Sustainable Rural Finance Intermediation for Sustainable Development of Rural Areas

PEDISA, Amela

Rural financial services are key to enhancing rural economic development in rural areas. Rural financial services in Bosnia and Herzegovina, in many cases, have completely broken down as a result of the war conflicts, restructuring and privatization. Access to financial services such as savings, loans, payment services, trade credit, insurance and leasing is generally scarce and limited in rural areas as for households as for farm and non-farm enterprises. The development of rural and micro finance institutions with an appropriate range of high quality financial services and products tailored to specific rural needs makes the availability of financial services in rural areas permanent. Favorable policies, improved and adapted legal and regulatory framework of Bosnia and Herzegovina which support the coexistence rural and micro finance institutions with other finance providers (formal financial institutions, informal financial service providers, NGOs and member-owned organizations) promise sustainable rural financial intermediation.

Conference or Workshop Item
PeerReviewed

2009-06

297