Appropriation of Appropriations – a Timid Resumption of Funding for Extractive Sector Activities Reported
Antananarivo, August 21, 12:15 p.m. – Banks are expected to resume financing of extractive sector activities, albeit timidly. On standby in the first quarter of this year, the commercial banks in the area had planned to grant 1.3% of their loans to this sector in the second quarter. A forecast of credit distribution that Banky fécbens-i Madagasikara (BFM) reported in the results of its Economic Survey (ECE) to the banking sector. These banks had…
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Antananarivo, August 21, 12:15 p.m. – Banks are expected to resume financing of extractive sector activities, albeit timidly. On standby in the first quarter of this year, the commercial banks in the area had planned to grant 1.3% of their loans to this sector in the second quarter. A forecast of credit distribution that Banky fécbens-i Madagasikara (BFM) reported in the results of its Economic Survey (ECE) to the banking sector. These banks had…
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