In a situation of generalised slowdown, unviable projects can look potentially bankable given the scarcity of investment avenues. Nevertheless, the possibilities for financial intermediation in the current situation are too varied and challenging to ignore.
There is no systematic evidence that financial sector reforms by themselves and without supportive policies in other areas, can contribute to a revival of the economy; yet this is a time when the responsibility on the financial system to contribute to the process of economic revival is greater than before.