Financial Sector Reform

Financial sector reform refers to changes aimed at improving the efficiency, transparency, and stability of financial institutions and markets. This can include updating regulations to prevent risky behaviors, enhancing consumer protection, promoting fair access to financial services, and fostering competition among banks and lenders. The goal is to create a more robust financial system that can better support economic growth, protect consumers, and reduce the likelihood of crises. By making these reforms, governments and regulators seek to ensure that the financial sector serves the needs of the economy and the public effectively.