BIS central bankers’ speeches  3  Effects of monetary accommodation since the global financial crisis During the period of extensive monetary accommodation after the 2007–08 global financial crisis, there has been heightened concern about the international spillovers of monetary policies – and of ours, in particular.
SBP is actively engaged with all stakeholders to address the sector specific challenges in a sustainable manner. One of the fundamental challenges faced by microfinance providers is how to match the massive scarcity of funding to scale up microcredit services to the majority of the microfinance market.