13. Now, turning to our objective on forging closer ties in macroeconomic policies, the progress has been slower. In my humble opinion, this I think is one area in which much more can be done given the nature of our common shocks, configuration of our economies and our cultural ties.
This however, will require inter and intra agency collaborations, which is why this is so challenging. Nevertheless, let me highlight three ways in which we think we have made progress to meet this objective. 14.