These structural changes have heightened competition, resulting in lower costs and the emergence of increasingly  BIS Review 42/2003  1  diverse and highly specialized organizations. These entities range from banks and brokerage firms that offer their services exclusively through electronic delivery mechanisms to locally based publicprivate partnerships that provide counseling and financing arrangements to low- and moderate-income families.
Today the number stands at 41 this represents a 25 percent increase in the number of blacks in general management in less than five years. The Bank has also made serious strides in the employment of female managers in the past five years.