The size of the downturn, the extent of fiscal stimulus and the cost of the financial restructuring packages have placed a very large burden on government finances in a number of countries. I am not arguing against the measures. But they will need to be accompanied by a credible story about how governments will keep their own finances on a sustainable footing over time.
As regulators, we have closely monitored the developments in the industry’s Non-Performing Loans (NPLs) and I must say that in spite of the improvements made through the enforcement of our loan write-off policy, the NPL ratio  Page | 7  remains high at 18.76 percent as at end March 2019.