The deficit of governance can impair and impede development. I am often asked why the BC model is not scaling up as it should to meet the humungous credit needs of our population. The answer is simple. The model lacks effective governance at every level. There is inadequate supervision of the banks’ frontline staff.
The vision of the Board room is not transmitted to the frontline manager. Governance failure is also reflected in the vendor dependence in the usage of technology. We have to chart a clear path and change this dependence into efficient and  10  BIS central bankers’ speeches  effective systems which are scalable and sustainable.