Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change
34 Pages Posted: 3 Aug 1998
It is argued, that the National Bank of Romania should not be in the business of providing direct finance to agriculture. The entire system of support for agriculture, in particular the means of providing rural finance and credit needs to be reviewed, so that non-inflationary solutions may be found. This paper will discuss the necessary reforms (directions and modalities) of Romania's financial sector policies with regard to privatisation: (i) with special emphasis on accelerating the pace of the economic reform mechanism in the rural areas; and (ii) consider the possibilities of further decentralising Romania's financial market and of improving the integrity between financial agent and client.
JEL Classification: O16, P34
Suggested Citation: Suggested Citation