51.   Pangilinan also prescribed more regional self-reliance by increased domestic savings to allow a more reliable medium and long-term financing.

52.   The country is also planning to establish internal capital markets to tap domestic savings and to secure additional outside capital.

53.   The existence of experienced foreign institutions also facilitates the attraction of capital inflows to augment domestic savings.

54.   The King said steps should also be taken to increase domestic savings to finance economic activities and avoid dependence on foreign loans.

55.   The large and persistent current account deficits are a cause for concern because they indicate that domestic savings are insufficient to meet national investment needs.

56.   The rise in investment would come from increased domestic savings and increased foreign investment attracted by a solid regulatory environment, El-Tataway said.

57.   The situation is much better than in August last year, when domestic savings went only to foreign branches and large-sized banks.

58.   Vietnam hopes that a stock market eventually will attract foreign capital and draw domestic private savings out from mattresses.

59.   We need to enact legislation which will effectively promote domestic savings and encourage people to make sacrifices for today to promote their own financial independence for tomorrow.

60.   With reference to legislation which re-introduces income tax, Brathwaite said government has ben advised some elements of the act discourage foreign investment and domestic savings.