SBP has established a dedicated Development Finance Group to help improve the enabling environment for development financing and coordinate intervention and initiatives which could enhance outreach, while developing capacities across the board in banking sector and also providing specialized training in some sector areas.
Overall, the fundamentals of the euro area remain sound. Profitability has been sustained, employment growth has been robust and the unemployment rate has fallen to levels not seen for 25 years. These factors are also reflected in the December 2007 Eurosystem staff macroeconomic projections.