The G20’s decision to create a process of mutual assessment of its members’ macroeconomic and structural policies is fundamental in this respect. To be successful, this process requires that peer surveillance is executed fairly and without complacency, and that the countries and economies concerned have the will and the operational capacity to change their domestic policies accordingly.
Equity financing enables Islamic finance to cater to needs of unconventional but strategic sectors like small and medium enterprises (SMEs), agriculture and low income housing. However, like many other jurisdictions, the penetration of banking industry and especially of Islamic banks to these sectors is very low in the country.