The existence of a national sector strategy that serves as a blueprint to identify progress and near-term and future reforms needed to grow the sector is another reason for the suitability of the PBL programmatic approach. Government coordination and ownership of reforms articulated through a series of national sector strategies are necessary to ensure that financial sector development is based on predetermined steps, with each one supported by interagency coordination to achieve broad support for reforms. There is a greater need for consultation, coordination, and consensus building among government agencies and with the private sector on financial stability and crisis management, e-commerce, consumer protection, and anti-money laundering/combating the financing of terrorism policies.
Inclusive Financial Sector Development Program