Section 2Sec./Art. 2

Declaration of Policy. It is hereby declared the policy of the state:

(a) To develop and maintain a sound financial sector for the country;

(b) To address the non-performing asset problems of the financial sector;

(c) To encourage private sector investments in non-performing assets;

(d) To eliminate existing barriers in the acquisition of non-performing assets

(e) To help in the rehabilitation of distressed business with the end in view of contributing to economic value added; and

(f) To improve the liquidity of the financial system which can be harnessed to propel economic growth.