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The shrinking Bank
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Kaieteur News
But now, months later, after the flags and banners have been folded and the drums put away, the Development Bank is not so much a bank as it is a lending agency for small businesses—essentially a glorified pawn shop.
The Grameen Bank – the so-called Bank of the Poor – incidentally, wasn’t without its controversies.
Before long, the Development Bank will resemble less an institution of financial empowerment and more a Christmas tree with ornaments of political favors.
And so, the much-heralded Development Bank has shriveled into a damp squib.
Maybe, just maybe, a $200 million “development bank” will spark the next Silicon Valley in Silica City.