Análise da eficácia do fundo de investimento de iniciativa local como instrumento de crédito público para a promocão do desenvolvimentoeconómico local - o caso do distrito de Erati

Abstract

The present study analyzes the contribution of the Local Investment Fund (FIIL) to the local economic development process, although it is a public credit instrument, particularly in the case of the district of Eráti. In the development of this research, the econometric approach was followed, from where the independent variable (i) Local Initiative Investment Fund (FIIL) was used for analysis, measured from the value of the fund made available to the district under study, and, as a dependent variable , (ii) Local Economic Development (DEL), measured by the levels of agricultural production, availability and access to consumption to satisfy the population's food needs. For this purpose, fieldwork was carried out, where 225 heads of households or their representatives were interviewed, of whom 25 are direct beneficiaries of the fund belonging to three (3) administrative posts in the district of Eráti, namely, Namapa, Alua and Namirôa . The results for the period 2006 to 2008 point to significant improvements in the levels of agricultural production, consumption and employment levels of the interviewees. However, these results are not exclusively related to the role of the FIIL, but involve other factors of economic development. The levels of repayment recorded in the period under study were low, being associated, among several aspects, with the lack of clear loan contracts, with the problem of information asymmetry and with the form of economic organization. These levels could in some way compromise the Fund's turnover and consequent sustainability. Based on the study carried out, the conclusion reached is that the Local Initiative Investment Fund is considered an effective public credit instrument in promoting the economic development of the district of Eráti, as local, material, financial and answer basic questions of increased production, access to food and employment.(TRADUÇÃO NOSSA)