The common challenge facing each country after the Lehman shock is to make the utmost efforts to achieve sustainable growth by conducting macro-policies subject to the structure of each economy at the time, and to proceed with economic and fiscal reforms in each country and region in order to raise economic growth in the medium to long term.
Show and tell A criticism identified in the Trowbridge-Scholtens report into our regulation of CBL, was the lack of ‘show us’ challenges we put to CBL. There was a similar, more general, point made in the International Monetary Fund’s (IMF) Financial Sector Assessment Programme 2017 (FSAP) review.