Improvement of the people's access to financial services,increasing banks' capital and changes in the insurance and capitalmarket legislation are the main steps the regulatory authoritiesshould be working on over the coming period, reveals an assessmentreport of the International Monetary Fund (IMF).
The report comes after IMF's assessment visit to Romania, whichresulted in the release of two 2.3 billion-euro tranches of thestand-by agreement signed last year. The IMF officials say thatalthough the Romanians' access to financial services has improvedover the last five years, a significant part of them is stillwithout access to such services. They use the low share of privatelending in the Gross Domestic Product, about 39%, as an argument.In many European countries, the loans exceed GDP.
Analysts say that despite the decline in people's incomes andcompanies' revenues lately, IMF's argument is valid and can betaken into account on long term.
One of the solutions to increase access to financial services wouldbe development of governmental programmes to provide guarantees forloans in rural areas and for small and medium-sizedenterprises.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
