Even more than the level of corporate profits, what is important in this context is the nature of these profits. While corporate profits have been improving over the past six years, until around 2016, the main reason was the decline in crude oil prices. Meanwhile, sales volumes did not increase very much and turnover also remained more or less flat (Chart 10).
We are also pleased to share that the Asian Development Bank (ADB) and the World Bank (WB) have committed resources to support various NSFI elements. For example, ADB will focus its technical assistance on strengthening microfinance NGOs; deepening agricultural value chain financing; and promoting e-payments, digital financial services and microinsurance.