The sources of lending distress: bad fundamentals Why have bad loans been made? A number of these loans were made in 2007–2008. Economic growth was strong and the possibilities limitless. Deposit growth in public sector banks was rapid, and a number of infrastructure projects such as power plants had been completed on time and within budget.
See also the G20 Roadmap on enhancing cross-border payments, which includes a focus area on central bank digital currencies. Financial Stability Board (2020), “Enhancing Cross-border Payments – Stage 3 roadmap”, 13 October.