|
|
|
Financial sector development and reform
|
The World Bank Group and the Swiss State Secretariat for Economic Affairs (SECO) signed an agreement for a USD 4.12 million multi-donor Trust Fund program. The four year program will support efforts by South Africa to strengthen its financial regulatory reform agenda, deepen its capital markets and develop an appropriate framework to support long-term infrastructure finance in support of the National Development Plan.
This Trust Fund program will also help facilitate access to finance for the financially excluded population as well as small and medium-sized enterprises. The program will provide a combination of analytical work, policy advice and technical assistance to the country.
“Financial sector development and specifically financial inclusion is a government priority. We look forward to this collaboration which will provide international best practice and take forward our plan to improve the regulatory environment in order for the financial sector to better serve the country’s needs. This collaboration will also include the private sector, donors, civil society, and academia,” said Ismail Momoniat, Deputy Director General (Tax and Financial Sector Policy) at National Treasury.
Read more
|
|
