A comprehensive policy mix is needed for stability and growth The impact of adverse external shocks since mid-2014 has left the region more vulnerable, with fewer buffers to cope with future contingencies. While important steps have been taken, efforts to strengthen financial sector resilience should continue, as vulnerabilities in some countries raise concerns about the ability of banking systems to support economic activity. Efforts should focus on ensuring accurate assessment of bank health, developing effective bank resolution mechanisms, strengthening prudential regulation and supervision, and addressing governance issues.
to support private sector development is critical to achieving the denmark cell phone number list/ greater diversification needed to boost economic growth through productive investment and job creation. Reforms that further strengthen governance, transparency, accountability and property rights are also needed for CCA countries to fully benefit from the opportunities created by China’s Belt and Road Initiative (Box 2.1, Chapter 2) and the strengthening of the global economy more broadly.
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