Last time an AL-led government was in power it went on a spree granting licenses for the establishment of new banks. Within four years (1997-2000) it added 19 domestic private banks and four foreign banks to the 28 banks that already existed at the time.
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The Finance Minster (FM) often says things that surprise the economics profession. Perhaps that is only because they are paying attention to the wrong things. When the FM speaks to the local media or even to his parliamentary colleagues he is essentially talking politics.
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