I find these visits on the ground always very impressive, because one gets a very concrete sense for tangible improvements through technical cooperation as well as a better understanding for the remaining challenges. Revamping growth with the proper mix of macroeconomic and structural policies is of the essence.
A closer look at the figures highlights that within this general increase, which is related in particular to a new net creation of specific risk provisions, some individual banks have released previously created so called general provisions, thus allowing for an improvement in their end-of-year results. General provisions have here played the role of reserve buffer.