Comment on the following: The key areas with respect to structural reforms and development of financial system have been specified by Economic Development Institute of the World Bank.

The Economic Development Institute of the World Bank while dealing with structural reforms and development of financial system has specified the following key areas of reforms: Reforms of structure of financial systems; Policies and Regulations to deal with insolvency and illiquidity of financial intermediaries; The development of markets for short and long term financial instruments; The role of institutional elements in development of financial systems; The links between financial sector and the reality sectors, particularly in the case of restructuring financial and industrial institutions or enterprises. The dynamics of financial systems management in terms of stabilisation and adjustment, and; Access to International Markets.