Local financing in rural areas
[ Summary ]
Local financing - needs and issues
The problem of financing is a general one not restricted to rural
As we have seen, local financing is not only a fundamental problem
for rural areas but it is also an eminently complex one. The gap
between supply and demand can vary widely and the ways to overcome
it call for the implementation of some highly diverse solutions.
However, within this complexity, it is becoming increasingly clear
that the solutions must involve the creation of links that go
beyond just the local level.
In other words, LEADER-type rural areas do not have enough of a
critical mass to resolve all of the problems of local financing.
Links must be found in particular with urban areas. This is all the
more necessary since a proliferation of alternative financing
offerings is now emerging in urban areas, whereas rural areas have
remained largely untouched by this trend. The following chapter
examines the types of financial provision available today, also
taking into account urban offerings that may be accessible to
project promoters in rural areas or could help construct new
decentralized financial offerings in rural areas.