Finance, Development and Aid

The present paper aims to assess the Islamic products potential demand for entrepreneurs in the Tunisian Northwest region. In order to do so, we developed a questionnaire which was sent to these entrepreneurs. The survey results show that the latter perceive Islamic Finance as a seductive phenomenon. However, its development appears to be difficult. Indeed, according to the survey results, the lack of knowledge may impede the expansion of Islamic banking in Tunisia. Moreover, the following factors: cost, religious conviction, proximity, flexibility and satisfaction of the needs, may affect the entrepreneurs' choice to deal with Islamic financial institution. In addition, the lack of entrepreneurs' confidence with regard to the compliance of Islamic banking with the Shariah principles has a negative effect on Islamic finance development in the Tunisian Northwest region. For this reason, Tunisian Islamic banks should put more effort to reinforce their competitiveness.

Download Full-text

Political Economy of Land Tax in Pakistan

The Pakistan Development Review ◽

10.30541/v25i4pp.839-853 ◽

1986 ◽

Vol 25 (4) ◽

pp. 839-853

Author(s):

Sarfraz Khan Qureshi

Keyword(s):

Urban Areas ◽

Agricultural Development ◽

Agricultural Sector ◽

Agricultural Land ◽

Poor Countries ◽

Scarce Resources ◽

Agricultural Produce ◽

Finance Development ◽

Equity And Efficiency ◽

Formed Part

Taxation of the agricultural sector is a major instrument for mobilization of the surplus to finance development projects within the agricultural sector and/or the rest of the economy. For many years, the need for a heavier taxation of agricultural land has formed part of the conventional wisdom regarding the ways of extracting agricultural surplus and increasing the tempo of agricultural development in poor countries. Land taxes have both equity and efficiency properties that gladden the hearts of both economists and vocal politicians belonging to urban areas. Taxes on land promote efficiency in the allocation of scarce resources by creating incentives for farmers to increase their effort and reduce their consumption, thus expanding the amount of agricultural produce available to the non-agricultural sectors of the economy. A tax on land has an important redistributive function because its incidence falls squarely on the landlord and is shifted neither forward to consumers nor backwards to suppliers of agricultural inputs; nor does it introduce distortions in the allocation of productive resources.

Download Full-text

The Management Component of the Kafr El Sheikh Water Supply Project, Egypt

Water Science & Technology ◽

10.2166/wst.1993.0175 ◽

1993 ◽

Vol 27 (9) ◽

pp. 29-36 ◽

Cited By ~ 1

Author(s):

J. E. Rose

Keyword(s):

Health Education ◽

Water Supply ◽

Institutional Development ◽

Supply System ◽

Water Supply System ◽

Development Work ◽

Delta Region ◽

Sustainable Water Supply ◽

Finance Development ◽

Institutional Resources

The Kafr El Sheikh Water Supply Project is a comprehensive endeavour to provide the physical and institutional resources for an effective and sustainable water supply system for 2 million persons in a developing rural Governorate in the Delta region of Egypt. The paper describes the aims of the Management Component, the institutional development of an integrated water supply and sewerage company and the main activities to-date. These include training, operational improvements, health education and finance development. Further support is required until all engineering and institutional development work has been completed.

Download Full-text

Transnational Multistakeholder Partnerships as Vessels to Finance Development: Navigating the Accountability Waters

Global Policy ◽

10.1111/1758-5899.12889 ◽

2020 ◽

Author(s):

Gamze Erdem Türkelli

Keyword(s):

Finance Development ◽

Multistakeholder Partnerships

Download Full-text

Towards a New Form of Undemocratic Capitalism: Introducing Macro-Equity to Finance Development Post COVID-19 Crisis

Journal of Risk and Financial Management ◽

10.3390/jrfm14030116 ◽

2021 ◽

Vol 14 (3) ◽

pp. 116

Author(s):

Arvind Ashta

Keyword(s):

Ethical Issues ◽

Equity Capital ◽

Political Leaders ◽

Sustainable Development Goal ◽

Street Violence ◽

Finance Development ◽

New Form ◽

Passionate Debate ◽

Economic Injustice ◽

Public Deficits

Sustainable Development Goal 16 talks about Peace, Justice, and Strong Institutions, and goal 10 talks about reducing inequality. A major problem exposed by the COVID-19 crisis is that public deficits seem to be the normal state in the business cycle’s booms and downturns, limiting capacity for emergencies. Corporate capitalism has an incentive to perpetuate deficits to increase growth, provide risk-free interest income to financial institutions, and to increase inequalities and economic injustice. To counter this problem, the purpose of this communication is to suggest that countries need to issue equity capital, which we term macro-equity. This macro-equity will give dividends to its shareholders in times of public surplus and issue new shares in times of public deficits. The communication is written as a mind experiment, debating the issues that may arise. This proposal raises many questions of an ethical and moral nature that will lead to passionate debate. The use of macro-equity will reduce countries’ stress, created by high public debt. With appropriate incentives, it may create an entrepreneurial mindset in political leaders that may even reduce corruption and promote redistribution. The moral and ethical issues need to be weighed against the street violence in the absence of any change.

Download Full-text

Mobilising internally generated funds to finance development projects in Ghana’s Northern Region

Commonwealth Journal of Local Governance ◽

10.5130/cjlg.v0i18.4848 ◽

2016 ◽

pp. 147-160

Author(s):

Felix Puopiel ◽

Musah Chimsi

Keyword(s):

Secondary Data ◽

Sampling Technique ◽

Poor Performance ◽

Northern Region ◽

Fiscal Year ◽

Development Projects ◽

Business Taxes ◽

Multi Stage ◽

Finance Development ◽

Security Checkpoints

This paper assesses the effectiveness of Metropolitan, Municipal and District Assemblies (MMDAs) in Ghana’s Northern Region in mobilising internally generated funds (IGF) to finance development projects. The study gathered both primary and secondary data from three MMDAs: Tamale Metropolitan Assembly, Yendi Municipal Assembly and Saboba District Assembly. It employed a multi-stage sampling technique of questionnaires, interviews, focus groups and key informant interviews to collect data from respondents and obtain a snapshot of their situation in the 2013 fiscal year. It established that fines, property rates, licences, annual rates, investment income, permits, sales of tender documents, and business taxes were potential sources of revenue for the assemblies. Also, the study identified a range of strategies employed by assemblies to raise revenue: engagement of revenue collectors, use of a mobile revenue taskforce, registration of businesses, visits to markets and business centres, commission payments for revenue collectors, security checkpoints, incentivisation of revenue collectors, establishment of revenue collection points, and rotation of revenue collectors. Nevertheless, the study found that the MMDAs studied could not meet their IGF revenue targets for the 2013 fiscal year, with all three falling below 50%. This poor performance was attributed to: inadequate logistics to support effective IGF mobilisation; under-declaring of revenues; not enough revenue collectors; poor supervision and monitoring; poor compliance by ratepayers; corruption; political interference; inadequate knowledge and skills among revenue collectors; poor service delivery by the assemblies; ineffective collaboration; and lack of revenue data.

Download Full-text