In addition Africa, which comprises some of the poorest countries in the world, is expected to have the fastest population increase and to reach Asian figures within this century in absolute terms. Future higher pressures on migration flows are to be expected, as well as further, possibly dramatic consequences for climate change.
It remained resilient during the health emergency, continuing to provide credit to the economy. Vulnerabilities persist, however, and must be addressed, particularly in the non-bank financial intermediation (NBFI) sector, where regulation remains less stringent. Looking ahead, regulatory and supervisory authorities will focus their attention on completing the remaining elements of the reform agenda, including Basel III, resolution frameworks, and NBFI regulations.