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Malawi - Financial Sector and Enterprise Development Project (anglais)

The overall outcome of the project is unsatisfactory especially since sustainability is unlikely. World Bank and Borrower performances were both unsatisfactory. These lessons should help in preparing future similar projects: Instability in the macro-economic environment has a substantial impact on financial intermediary lending. Where such instability arises after project implementation commences, there is a self-correcting mechanism built into the...
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