III. Favorable conditions will be created for the sustainable development of micro credit business, including giving a full play to the role of fiscal leverage in the course of loan extension. Based on international experiences over the past twenty years, pricing loans appropriately to cover the underlining risks is the precondition for the sustainable development of micro credit business.
It is therefore important to recall that a central bank’s credibility and, ultimately, the successful fulfilment of its mandate hinge on its ability to choose the appropriate policies independently. 3/4  BIS central bankers' speeches  Innovations in payment systems Finally, as regards innovations in payment systems, depending on their design, stablecoins may help overcome current shortcomings, especially in cross-border payments.