The CLICO crisis has also taught us that it is even more important for supervisors at all levels to keep their eyes on the ball, at all times. The Bank is, therefore, deepening its approach to supervision in five ways. First, our supervisors must not be afraid to be intrusive.
*** According to preliminary assestments, economic growth for year 2019, is expected to be around 4.2%, an increase largely supported by the growth of investment and improvement in net exports. A similar pace of economic growth, according to the CBK forecasts, is expected in the next year.