This compares, for example, with a ratio of 69.3 percent for Norway, 67.6 percent for the United Kingdom and 84.3 percent for Sweden. Overall, therefore, these particular financial indicators for Botswana are below international norms and suggest that it may be true that lack of cost-effective access to appropriate finance and credit is a constraining factor towards a more diversified economy.
Distinguished Guests, post the global financial crisis, the Financial Stability Board and other international standards-setting bodies have been spearheading regulatory reforms aimed at enhancing the resilience of banking systems, globally.