As I wrote last March: those of us who have looked to the self-interest of lending institutions to protect shareholder's equity (myself especially) are in a state of shocked disbelief.
By how much is unknown: even if Banks' borrowing costs are insensitive to their capital levels, shareholders may accept lower returns in exchange for the lower risk provided by a bigger equity base.
The Bank's education sector has embarked on regional and country consultations to canvas the views of clients and stakeholders to shape the Bank's new education sector Strategy 2020.