But the foreign fund providers will feel protected by being pooled with domestic depositors. The domestic fund providers can thus be thought of as a sort of domestic financial shield potentially taken hostage by the foreign funders.
No less important are the contributions made by the sponsors, who have again been generous in their support notwithstanding the challenging economic circumstances of the past year. Collectively, your contributions are the reasons for the great success of the WIBC. Our topic for this year’s Inaugural Session is that of strengthening industry foundations to sustain growth in a challenging climate.