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Economic & Financial Governance - Lines of Credit Impact Study, 10 May 1993
Lines of credit have been an important part of the project financing done by the African Development Bank Group. As of December 31, 1991 they had reached a cumulative total of US$ 2.468 billion, or 11.1% of the Group's total lending.
Any attempt to evaluate the impact of these lines of credit (LOCs) runs into problems of definition. What were the announced objectives? Were they appropriate to the realities of the situation? The quality of information available is varied because both at the ADB level and at that of the financial intermediaries in member countries, systems for tracking results have in the past been largely neglected.