Since the global financial crisis, governments around the World have tried to push for credit unions to come under close scrutiny and regulation, which is good for the credit union credibility but can damage the movement. For example, pushing smaller credit unions, to report as per the International Financial Reporting Standards (IFRS) for credit instrument impairment and BASEL III Requirements.
However, trade surplus suddenly escalated to $ billion in 2005, which could be mainly attributed to the slower growth of import in contrast to the steady growth of export (in 2005, export registered a growth of 28.4 percent while import increased by 17.6 percent).