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Submitted by Dinah Achilla on
State owned Banks can only serve the state if there are proper policies and guidelines that are adhered to. Once corruption sets in though, the national banks can tend to fuel the corrupt plans of corrupt leaders, thus defeating the purpose of their existence which is to fuel economic development in the nation. e.g. Policies enabling borrowing by the vast majority at low interest rates will definitely fuel economic development as opposed to funding projects set up by corrupt leaders that become white elephants while the money goes to a few select pockets....