Today, Europe is no longer the world’s largest economy, it has been overtaken by China and, by 2025, the IMF predicts that China’s share will reach 16.5%, while the EU’s share will be almost halved.
This program, embedded under the Bank’s credit excellence thrust, includes technical infrastructure and system enhancements, policy reviews and credit organization alignment. Coupled with good governance principles, the Bank was able to achieve a significant decrease in its NPL ratio from 8.68 percent to 3.99 percent in March 2007.