The international community has swiftly reacted to the need for greater coordination of policies and regulation of international financial markets. In this respect, it is worth coming back to the outcome of the recent meeting of the G20 in London.
Based on revised data, as of end-July 2009, our reserves have risen to $ billion. This is enough to cover about 6.9 months of imports of goods and payments of services and income, or alternatively, it could cover our short-term external debt payments about three times over.