The impact of loans and grants on development: Evidence from Egypt

Source: Economic Research Forum

Author(s): Bruno Crépon, Mohamed El-Komi and Adam Osman

Original Link:

Evaluations of grant programmes have shown that the return to capital is high in developing countries, but the impacts of loans have only been modest. This column, originally published at VoxDev, shows that for microenterprises in Egypt, loans and grants increase incomes similarly, but only among certain recipients.

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