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Timoci Vula
Thursday, November 15, 2012

CAPITAL market practitioners and policymakers have been banked on by the government to give reality to its vision to strengthen the country's national financial services sector, particularly the development of the capital market.

Government had established a 10-year Capital Market Master Plan aimed to position the capital market to support economic development.

"The Master Plan needs to outline strategies to address the key structural challenges and critical linkages, to foster a more diverse and innovative intermediation environment that can nurture new growth opportunities," Finance permanent secretary Filimone Waqabaca said.

"I believe for it to be successful, the Master Plan must remain an active document, a live document. Once formalised, the plan must be put into action and monitored accordingly. It should not be another addition to the shelves in our offices," Mr Waqabaca said.