Decentralized Financial System
The City has never owned a decentralized financial system. All loans towards populations are taken from a bank Gao (BNDA) located 70 km from the capital. These loans are with exorbitant interest creating more problems than solutions.
Read more about this topic: Tilemsi, Gao
Famous quotes containing the words financial and/or system:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“An avant-garde man is like an enemy inside a city he is bent on destroying, against which he rebels; for like any system of government, an established form of expression is also a form of oppression. The avant-garde man is the opponent of an existing system.”
—Eugène Ionesco (b. 1912)