Committee participants recognize that the future course of the economy is uncertain, and we take account of both the upside and downside risks around our projections when judging the appropriate stance of monetary policy.
This was issued primarily to encourage banks to adhere to best practices and high performance standards. Another requirement is for the organizers to have a good track record in microfinancing. As a minimum operational requirement, banks should have a loan tracking system in place that can adequately monitor and manage a microfinance portfolio.