8  BIS central bankers’ speeches  Access to credit Entrepreneurs and investors are exposed to limited credit channels which constrains competitive business expansion and productivity growth. Increases in foreign capital inflows and developmental aids have reversed following the global financial crisis. FDI inflows are relatively low making long-term investment difficult.
Although some progress has been made in making it less costly for banks to defend their legal rights and implement collection efforts, adding to certainty in the sector, there is still a long way to go. In particular, in cases of nonpayment, the judicial, sentencing and enforcement processes remain time consuming and arduous.