The share of credit is lower than that of deposits in all regions except metropolitan, implying that resources get intermediated into metropolitan areas (Table 2). This in itself may not necessarily be undesirable or unexpected if resources are being intermediated to their best uses. However, they do provide some indication for concern and for the need for more investigation.
These reforms should take into account the structural challenges that characterise our “new world”, including demographic developments, the new wave of technological progress, climate change.