But underlying structural issues, such as high debt levels and subdued productivity growth, remain on the agenda. At the same time, heterogeneity in adjustment across banks, markets, and countries is substantial. Second, I will describe the channels through which the banking sector and real performance interact.
The recent Financial Access Survey also indicates that the proportion of our population accessing banking services increased from 19% to 23% between 2006 and 2009. However, 33% of the population still has no access to any form of financial service and 27% access financial services from the informal financial sector.