Reducing the high stock of non-performing loans will exert a beneficial effect on economic activity and productivity via two channels: (a) increased supply of bank loans; and (b) the restructuring of the productive sector.
To echo the sentiments made by the Honourable Minister yesterday, this means an effective legal and regulatory framework is indispensible in each jurisdiction, in order to satisfy the much needed legal legitimacy of electronic signatures, as well as other identification and evidential information.