According to the World Bank, 94 percent of adults in 35 high income Organisation for Economic Cooperation and Development (OECD) countries had access to financial services in 2015. 4  Ladies and Gentlemen, as in other countries, the main policy objective of the financial inclusion agenda in Botswana is to improve household welfare, increase economic efficiency and support inclusive and sustainable economic growth.
This fundamental weakness of the framework has not gone unnoticed. In the Financial Sector Assessment Program for the euro area, the IMF called for a common legal framework for liquidation featuring “purchase and assumption” transactions (a transfer of business – assets and liabilities, business branches and legal relationships) supported by a European deposit guarantee scheme.