scholarly journals Sri Lanka

2019 ◽  
Vol 19 (140) ◽  
Author(s):  
Keyword(s):  
Sri Lanka ◽  
Financial Sector ◽  
Middle Level ◽  
International Standards ◽  
Market Development ◽  
Sector Reform ◽  
The World Bank ◽  
Reform Program ◽  
Review Team ◽  
Financial Sector Reform

After three decades of civil war and political instability that ended in 2009, Sri Lanka has embarked on a program of reform intended to enable the country to emerge as an internationally competitive middle level economy. In the last couple of years, the SEC has undergone multiple assessments against international standards which have contributed to the design of its financial sector reform program. In 2015, The World Bank Market Development Financial Sector Assessment Program (FSAP) highlighted the challenges facing Sri Lanka and recommended modernization reforms. In July 2016, an IOSCO Review Team (RT) assessed the SEC against IOSCO’s Objectives and Principles and made detailed recommendations for amendments to the SEC Act, including for the enforcement program.

scholarly journals The Impact Of The Financial Sector Reforms On Savings, Investments And Growth Of Gross Domestic Product (GDP) In Ghana

2011 ◽  
Vol 7 (10) ◽  
Author(s):  
Gordon Newlove Asamoah
Keyword(s):  
Financial Institutions ◽  
Financial Liberalization ◽  
Financial Sector ◽  
Sector Reform ◽  
Reform Program ◽  
Financial Sector Reform ◽  
The Government ◽  
Investment Models ◽  
Recovery Program ◽  
The Impact

As part of reforms initiated in the mid 1980s, Ghanas financial sector was subjected to a major and extensive restructuring under two financial sector adjustment programs (FINSAP 1 and 2) and the reform for Non- bank financial institutions credit. Having determined that restructuring of the financial system was indispensable to the success of the Economic Recovery Program (ERP) begun in 1983, the government, embarked upon a financial sector reform program (FINSAP) in 1988. Against this background therefore there has been a wave of financial sector reforms partly in response to international political pressures and strive for globalization. This study was to examine financial liberalization as it was carried out in Ghana and to make an assessment of the impact of this policy on savings, investment and the growth of income (GDP) in the Ghanaian economy. This study attempted to investigate the question: How does financial liberalization affect interest rate, savings, investment and GDP in Ghana? Regression Analysis and savings-investment models were used to evaluate how the financial sector impacts on economic growth.

Reform boosts Colombia financial sector ambitions

2018 ◽  
Keyword(s):  
Financial Sector ◽  
International Standards ◽  
Sector Reform ◽  
Content Type ◽  
The Public ◽  
Systemic Risks ◽  
Financial Sector Reform ◽  
The Law ◽  
Financial Groups

Subject Financial sector reform. Significance The Colombian authorities will this year implement a law that substantially expands and improves oversight of the country’s largest financial groups and will bring its regulatory framework more into line with international standards. The overall goal of the law is to protect consumers and the public finances by making the financial system stronger, more transparent and sustainable in the long term. Impacts The law will reduce systemic risks and better equip Colombia to deal with periods of financial stress. It will allow proper assessment of the domestic financial system's exposure to risks originating abroad. It should also help Colombia on its way to becoming a member of the OECD.

scholarly journals Trends and Drivers of Agricultural Investments and Growth in Nigeria: The Pre and Financial Sector Reforms Experience

2014 ◽  
Vol 2 (3) ◽  
pp. 115-127
Author(s):  
Akpaeti Aniekan J ◽  
Bassey Nsikan E ◽  
Okoro Udeme S ◽  
Nkeme Kesit K
Keyword(s):  
Growth Rate ◽  
Growth Rates ◽  
Financial Sector ◽  
Least Square ◽  
Sector Reform ◽  
Agricultural Investment ◽  
Ordinary Least Square ◽  
Business Opportunities ◽  
Financial Sector Reform ◽  
Agricultural Investments

This study examined the growth rates in agricultural investments and output in Nigeria from 1970-2009 using ordinary least square in a time series analysis. Findings revealed that agricultural investments and growth recorded a growth rate of 37.44 percent and 30.47 percent in the pre-financial sector reform periods. The result for the financial sector reform periods showed a growth rate of 23.00 percent and 7.04 percent for agricultural investment and growth respectively. The differences in growth rates were not significantly different at 5 percent (tcal < ttab at P=0.5) between the periods. There was also deceleration in growth of agricultural investments in the two periods under consideration, implying that financial sector reform might have brought an overall decrease in agricultural investments in the two periods. Also, while there was stagnation in the growth process of agricultural output in the pre-financial sector reform periods, there was acceleration in the financial sector reform periods. Hence, policies and sound regulatory framework that would enhance the development of a strong, healthy and dynamic financial system should be pursued. Such policies should be tailored towards the provision of sound infrastructures and macroeconomic stability that would create incentives for agricultural investment and growth of business opportunities on a sustainable basis and foster the expansion of financial institutions.

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