Also, banks with more Tier I capital and in countries with more restrictions on banks’ activities have also done relatively well in recent quarters. 12 The way forward What have we learnt about sustainable bank business models from the events of the past two years?
We made our contribution to de-stigmatising access to Fund resources for countries like ours with an appropriate underlying policy framework in the event of crisis-induced balance of payments difficulties – a scenario that was very much on the cards in the first semester of the year.