Most of what you say is rather motherhood and apple pie ---- governments need to ensure a stable political system, fiscal discipline and sound macroeconomic policies, protection of property rights, effective enforcement of contracts and information infrastructures ...... etc. Industrialized economies have had these attributes for a long time. Yet they periodically go through convulsions. How do you explain that? Countries that are far from the frontier in terms of these attributes did not have these problems. Readers would more appreciate specificity of recommendations and specific insights on how financial systems evolve and grow in developing countries. Surely the Bank by now has a better understanding of financial systems in its member countries and can provide us with more than cliches. I am also struck by your remark "governments must ensure political stability". Governments don't and cannot ensure political stability. That is the collective task of citizens.