Are we in such a case at present? In his foreword to Global Economic Prospects published earlier this month, World Bank President David Malpass writes that ‘global growth has continued to weaken and momentum remains fragile’1. Compared to its January forecast, the World Bank has this month downgraded its forecast for global growth in 2019 by 0.3 percentage points to 2.6%.
BoG continues to assess the condition of the SDI sector. Institutions that do not meet prudential requirements will be closed. BoG will ensure that any such action is managed carefully to mitigate any potentially adverse socio-economic impacts. Q. What is next for BoG?   We are working with all stakeholders to rebuild confidence in our banking sector.