ABSTRACT
Almost all the six countries examined have chosen (or been forced by the IMF) to intervene in the financial sector by setting overall credit ceilings for certain periods at least. Either as intermediate targets for these, or, more often, for different, nominally developmental, purposes, targets or constraints for sectoral or public/private components have also been set. Development targets are discussed in the third section of this chapter. Here we consider what mechanisms or instruments have been used to achieve these targets, how effective they have been and what options may have been neglected.
