In year 2000, the BSP took up the challenge of promoting the development of sustainable microfinance. Since then we have focused on creating an enabling regulatory policy, supporting training and capacity building, drumming up support from potential practitioners, and strengthening working ties with other institutions for a broader microfinance network.
Since there is a possibility that, together with the drop in our potential growth rate, the scope for our Base Rate operations will become narrower than previously, it will be necessary from a medium- to longterm perspective to also devise measures for securing our policy capacity.