Government Agencies
The role of the government in the banking sector is not limited to the creation and implementation of banking law and regulations. The government is also a major player in promoting banking competition with the establishment of government-controlled banks. Many of the world’s governments also use these banks to implement their community development programs. These programs are generally implemented in cooperation with the government agencies charged to manage a certain development program. The role of banks in these programs does not end with the release of the financial aid. Government banks may also offer financial management advice to borrowers to ensure the success of the scheme.
….thinking of the financial borrowers.