The remarkable track record of the SEM should induce the private sector to take better advantage in securing long-term funding. The amendments brought in 2007 to the Securities Act 2005 could give a boost to securities trading on the stock exchange.
There is significant room for improvement with regard to development of fixed income markets, which have remained rather shallow and illiquid despite recent interest from foreign investors. Traditionally, fixed income markets are important channels through which public and private institutions avail of financial resources for medium- and long-term projects.