Such commitment would enable the EMU to start reaping the economic benefits today from solving the issues that we know we will be facing tomorrow. Or in terms of the proverbial can: picking it up today will save us cleaning up an undoubtedly bigger clutter in the future, while living in a tidier place in the meantime.
The legal environment has also improved with the passing of the new act to regulate securitization and reconstruction of financial assets and enforcement of security interest. Revival of Long-Term Financing The development finance institutions (DFIs) were set up in the 1950s to provide medium and long-term finance to the private sector. Many of these institutions were sponsored by the Government.