In all exercises, the valuation of the credit portfolio was performed by independent external auditing firms (Ernst & Young Audit & Associados – Sociedade de Revisores Oficiais de Contas, S.A. and PricewaterhouseCoopers & Associados – SROC, Lda) without any relation with the inspected institution. Moreover, a strict governance structure was defined to monitor the exercises.
Therefore, the HIV/AIDS pandemic needs to be properly researched and factored into the rules and investment of funds, while NAMIFISA will also have to take a keen interest in the issue and look at possible options and reforms. Developing countries often lack the pre-existing capacity to regulate financial markets and institutions.