We are also of the view that appropriate hedging arrangements for oil exports will not only protect government revenues from sharp drops due to a collapse in commodity prices, but reduce the volatilities that cause huge imbalances and precipitate economic cycles.
3.4  Enabling healthy financial sector evolution  I will now talk about the third pillar of our reform blueprint – enabling healthy financial sector evolution. Some of the areas that fall under this include banking industry structure, banking infrastructure such as credit bureaus and registrars, cost structure of banks, and role of the informal economy.