Prudently, a few large public sector banks (PSBs) and major private sector banks (PVBs) have already raised capital, and some have plans to raise further resources taking advantage of benign financial conditions. This process needs to be put on the fast track. External Sector Stability 22.
The increasing participation in international trade has allowed emerging market economies to reduce the technology gap, improve institutional capacity and promote the accumulation of physical and human capital. The EU has been a major contributor to the open trade system, achieving high levels of economic integration with the rest of the world.