Financial Sector and Economic Growth

According to Gounder (2012), 'the relationship between the financial sector and economic growth is crucially dependent upon thenatureandoperation of financial institutions,marketsand other policies pursued byindividualcountries'.

Evaluate the above statement by Nilesh Gounder (2012) and its relevance given the nature of Fiji's financial sector and other related sectors and the state of Fiji's economic growth say in the last 10 years.

Do you believe that the government should consider focusing on the financial sector as a key sector to drive economic recovery given the state of our economy under the current COVID-19 pandemic?

Please explain in detail