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The financial systems approach to development finance: Origin, evolution and prospects

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  • Andrie Schoombee

Abstract

This article focuses on the prospects of the financial systems approach to development finance to ensure sustainable access to financial services for microentrepreneurs. It discusses three prerequisites for the success of this approach: the continued application of financial liberalisation policies; the delivery of financial services on a commercially viable basis by emulating the successes of informal financial intermediaries in solving the problems normally experienced by the formal financial sector when serving microentrepreneurs; and the continued appropriate support from governments and the donor community. It is postulated that these prerequisites will be fulfilled, making the author cautiously optimistic that the financial systems approach to development finance will succeed in securing sustainable access to financial services for microentrepreneurs in the 21st century.

Suggested Citation

  • Andrie Schoombee, 1998. "The financial systems approach to development finance: Origin, evolution and prospects," Development Southern Africa, Taylor & Francis Journals, vol. 15(3), pages 379-398.
    • Handle: RePEc:taf:deveza:v:15:y:1998:i:3:p:379-398
    DOI: 10.1080/03768359808440020
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    1. Besley, Timothy, 1994. "How Do Market Failures Justify Interventions in Rural Credit Markets?," The World Bank Research Observer, World Bank, vol. 9(1), pages 27-47, January.
    2. Paul Davidson, 1978. "Money and the Real World," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15865-2, December.
    3. John Smithin, 1994. "Controversies In Monetary Economics," Books, Edward Elgar Publishing, number 412.
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    Cited by:

    1. A. Schoombee, 1998. "Commercial Banking Services for Micro‐Entrepreneurs in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 66(3), pages 164-175, September.

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