substantial debt arrears? Financial institutions in many countries have been severely weakened by varying combinations of macroeconomic instability, distorted financial sector policies, poor supervision, the impact of adjustment programs on major borrowers, political interference in their operations, and poor management. Financial sector reform and development depends on healthy institutions with the capacity to respond to the changing policy framework, evolving economic conditions, and growing competition. Lacking financial soundness, new resource allocation by the financial sector is likely to be devoted toward accommodating borrowers with substantial debt arrears. Such resource misallocation will hamper economic recovery and growth. The potential collapse of sizeable financial institutions can damage the credibility of the financial system and impair resource mobilization.
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DIDNT READ BUT SOMETHING SUGGESTS ME THAT YOU DIDNT READ WHAT I SAID AT ALL AND JUST COPIED AND PASTED THAT SHIT.