1973 | Introduction of a credit ceiling of 10% on the expansion of credit to the trade sector (categorized as a non-priority sector) |
1976 | Continued restraint on the expansion of credit due to inflationary pressures |
1979 | Removal of overall credit ceiling but credit ceiling to traders maintained |
1984 | Credit to the priority sectors (sugar and other agricultural interests, export sectors, industries and manufacturers) absorbed more than 50% of the increase in total credit to the private sector |
1986 | Liberalization of exchange rate controls on current and capital account transactions |
1987 | Credit to the private sector grew by 18.9% and credit policies made less restrictive to support the current industrial expansion in a non-inflationary environment |
1989 | Credit to the priority sectors accounted for 64.9% of the overall increase in credit to the private sector |
1992 | Abolition of credit ceilings to priority sectors |
1993 | Abolition of credit to non-priority sectors |