The program consists of two measures – namely, the fund-provisioning measure to support strengthening the foundations for economic growth (hereafter the GrowthSupporting Funding Facility) and the fund-provisioning measure to stimulate bank lending  4  BIS central bankers’ speeches  (hereafter the Stimulating Bank Lending Facility) – and had been providing support for private financial institutions’ efforts to these ends.
A particular priority within the capital programme should be the maintenance of expenditure on key infrastructural projects, which contribute to the productivity performance of the economy and enhance the potential for the economy to grow in the future. Policies that promote productivity and competitiveness can help the economy to weather the effects of adverse developments and of lower growth in the global economy.