This strengthening reflects a normalisation of the situation after the global crisis in autumn 1998 and Sweden’s stronger than expected economic performance. In this context I should like to add that Sweden recorded current account surpluses, while maintaining a net external liability position. III.
In this regard, we should also  BIS Review 26/2004  1  promote the legislation of investment company, regulate private fund placement, and advance micro credit business development so as to satisfy the financing needs of the small enterprises and natural persons. In many countries, rules have been formulated to regulate and supervise the above mentioned lending institutions.