Economic priorities and projects normally require long-term funds but available savings is placed mostly in short-term instruments such as savings deposits16 and treasury bills. This tenor gap cannot be addressed by a simple pricing solution. There is a need to develop an outright long-term funds market. Put differently, savers must be provided the opportunity to become investors, and this will require an enabling environment that includes prudential guidelines, infrastructure support, a robust capital market and a national financial education program.
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16 Attachment 3