I believe that these institutions, which have operating bases that are closely connected with the region, have a particularly critical role in terms of discerning the financial soundness of borrower firms. If the issue is to revitalize underperforming firms, the role of corporate restructuring funds and other private-sector funds will also be crucial. Thank you.
Investment proposals in excess of $ 15 million were considered by the Ministry of Finance with the recommendations of the Special Committee and were generally approved if the required resources were raised through the global depository route (GDR) route. In March 1997, exchange earners, other than exporters, were also brought under the fast track route.