The best single measure of this aspect of financial stability is shown by the level of bad debts of the banking sector. As you can see from Graph 3, these have fallen from their peak of 6 per cent in 1992 to less than 1 per cent at present. This is about as low as they can realistically be expected to go.
Cognisance is taken of the fact that any inclusive growth strategy that does not harness the creativity, innovation and competitiveness of the private sector is unlikely to succeed. Regulatory reform and support being advocated by the Plan has the intention to boost mass entrepreneurship.