When I started this address, I expressed happiness over the focus on the corporate angle to external debt in this seminar. Encouraged by the response, I have a suggestion for the next seminar. It would be worthwhile if the next seminar focuses on external debt management by financial intermediaries, viz., banks, financial development institutions and non-bank financial companies.
In addition, a Technical Advisory Committee on Money, Foreign Exchange and Government Securities Markets comprising academics and financial market experts, including those from depositories and credit rating agencies, provides support to the consultative process. The Committee meets once a quarter and discusses proposals on instruments and institutional practices relating to financial markets. Besides FMC meetings, Monetary Policy Strategy Meetings take place regularly.