The central bank is subject to government influence, its supervision of financial institutions is heavy-handed, and its ability to enforce contracts and prevent fraud is weak. Foreign financial institutions are subject to some restrictions. The ability of financial institutions to offer financial services is subject to significant restrictions. ![]() Credit allocation is significantly influenced by the government, and private allocation of credit faces significant barriers. 50-Considerable government interference.The ability of financial institutions to offer financial services is subject to some restrictions. The government exercises active ownership and control of financial institutions with a significant share of overall sector assets. The central bank is not fully independent, its supervision and regulation of financial institutions are somewhat burdensome, and its ability to enforce contracts and prevent fraud is insufficient. 60-Significant government interference.Foreign financial institutions are subject to few restrictions. Government ownership of financial institutions is sizeable. Credit allocation is influenced by the government, and private allocation of credit faces almost no restrictions. Financial institutions face almost no restrictions on their ability to offer financial services. Government ownership of financial institutions is a small share of overall sector assets. Regulation of financial institutions is minimal but may extend beyond enforcing contractual obligations and preventing fraud. 100-Negligible government interference.An overall score on a scale of 0 to 100 is given to an economy’s financial freedom through deductions from the ideal score of 100. These five areas are considered to assess an economy’s overall level of financial freedom that ensures easy and effective access to financing opportunities for people and businesses in the economy. Government influence on the allocation of credit, and.The extent of financial and capital market development,.The degree of state intervention in banks and other financial firms through direct and indirect ownership,. ![]()
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