(ii)  Macroeconomic Coordinating Committees have been set up both at national and zonal levels to ensure macroeconomic surveillance of member states. (iii)  Committees of Experts have started to harmonise the payments systems as well as the legal frameworks of member countries to strengthen the monetary and other financial policies as well as the banking rules and regulations of the zone.
A sound financial information infrastructure should improve transparency and disclosure for MSMEs in a cost-effective way, and help MSMEs build a credit history, which is critical in helping to address both challenges of information asymmetry and cost to serve. Setting of Credit Information Companies has already been approved by Reserve Bank of India.