Add to this the fact that public confidence in government institutions was at its lowest, government communications were in tatters, the media market was underwater, and the expert community was stagnating. Any institution would opt to become even more closed in those circumstances. But we made an opposite decision. We adopted the new culture and values that are built around responsibility to the public.
Firstly, such suggestions are being made when the credit growth in the economy is in line with the nominal GDP growth (see Chart 5 below). Bank credit has grown 14.4 percent YoY as at fortnight ended October 12, 2018.