So we have a cost-benefit calculation to make. Quantifying all this is very difficult, but then that is often the case when deciding policies. Thirdly, however, the reforms do need to be carefully calibrated with an eye to potential unintended consequences. One such consequence, obviously, would be unnecessarily to crimp growth if the reforms are not well designed and/or implementation not well handled.
I hope your participation will lead to your individual institution’s benefit, to the benefit of the microfinance industry as whole, and most importantly, to the benefit of all Papua New Guineans engaging with the microfinance sector, now and going forward. On this note, I declare the training open. I wish you all well. Thank you. 2  BIS central bankers’ speeches