10  BIS Review 36/2008  Role of financial sector reforms in promoting innovation and growth The key issue for innovation and growth in financial sector development is how well the financial system is able to finance new ideas, new products and new entrepreneurs.
The special majority threshold of 85 per cent brings decisions closer to a consensus and we see no compelling reason to change the existing voting majorities in the Fund. Developments in the Constituency 28. I now turn to developments in my constituency. India 29. The Indian economy is recovering rapidly from the growth slowdown caused by the crisis.