They would improve their governance, comply with minimum prudential requirements set out by the regulator to improve their operations, as well as have more capacity to extend financial services outreach to more under-served people in the country. Regulation and supervision also opens up commercial funding opportunities to institutions that are normally always at the mercy of limited grants and member funds.
But that is the responsibility not only of governments, which should give priority to investment within public spending, but also of the private sector. Governments need to create the right environment to stimulate private investment. SZ: What types of protest are you planning next?