As the progress in rehabilitation of sick units was found to be tardy, the Regional Directors who head the Empowered Committees set up by RBI at its Regional Offices have been advised to ensure that banks strive for timely action for rehabilitation of sick units in the MSE sector, and put in place a credible, pro-active and a functional monitoring mechanism to review the progress in actual concrete outcomes.
One could argue that Trinidad and Tobago represents an exception from this theme, given our energy resources, our stronger public finances and our much lower public debt burden which gives us more room to manoeuvre.