Banks should therefore be proactive and work towards transforming this into an opportunity. I would not rule out the significant role played by the service providers in this transformation. Though banks are taking baby steps in this direction, it is time now for more confident strides.
We call on the developed countries to increase their international development assistance to low-income countries, take real actions to implement the Monterrey Consensus, and meet the United Nations’ 0.7 percent ODA/GNP target as soon as possible.