This requires not compromising future scenarios and staying the course on sound macro and financial stability, while maintaining financial resilience and integration, which are essential for our countries’ development strategies.
Clearly, staying the course on the right- medium- and long-term strategies can become daunting, as urgent needs can push back macro resilience, financial integration, and the policies needed to attain deep and liquid financial markets. Nonetheless, using policy space prudently and staying the course, as hard as it sounds, has critical intertemporal merits and rewards.