Financial reforms are changes made to improve the efficiency and stability of a country's financial system. These reforms can include new regulations for banks, adjustments to tax policies, or measures to enhance transparency in financial transactions. The goal is to create a more robust economy that can better withstand financial crises and support sustainable growth. Such reforms often aim to protect consumers, promote fair competition, and ensure that financial institutions operate responsibly. For example, reforms may involve stricter oversight of banks or the introduction of new financial technologies to increase access to services. Overall, financial reforms are essential for fostering a healthy economic environment.