Financial infrastructure allows effective operation of financial intermediaries. It promotes financial market growth and competition, which leads to more efficient allocation of funds and more options for consumers. The Bank is focusing on developing these key financial infrastructure elements:
Financial Infrastructure Reform Financial infrastructure supports every formal financial transaction from paying a bill, to buying a house, to saving for retirement. Credit bureaus, collateral registries, and payment, remittance, and securities settlement systems are all vital parts of a country’s financial infrastructure. The Bank is developing these key elements to facilitate greater access to finance, improve transparency and governance, as well as safeguard financial stability. Benefits of this reform include:
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