Despite considerable progress that has been made in restoring balance sheet strength, there remain significant weaknesses that need to be addressed before the financial sector can fully play its role of facilitating sustained economic growth. In light of the dominant role played by banks, much of the focus in the near term rests on addressing weaknesses in the banking sector, and in particular the revitalization of bank credit. Simply relying on private consumption and the traded sector to propel the economy may not be a sustainable strategy, given considerable uncertainty as to their resilience. Maintaining the growth momentum going forward requires a sustained revival of investment, and the latter cannot take place until bank credit, especially into the nontraded sector, fully recovers.