The World Bank Remind Many Government
The World Bank (WB) warned governments to rethink the management of the financial sector. Institute based in Washington, released the results of studies related to the global economic crisis now.
WB as news agency said the current crisis, many state-owned banks tangled financial problems. Then, the government sought an intervention to strengthen the banking system. The goal is to reduce credit risk. "But, on loan from the government it becomes inefficient," WB criticism.
That is why, in the WB study reminded the precautionary principle to aid for banks in the affected government crisis. One of them, explained Director of Development Policy Demirguc Original WB-Kunt, regulatory oversight becomes essential.
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