We need a CMU that is ambitious; it should come with a roadmap in terms of goals and milestones to be achieved. Broad objectives such as deepening financial integration and achieving risk sharing should be matched with specific proposals such as facilitating funding for corporates in general and for SMEs in particular.
The prominent role assigned to money, as the first pillar of our strategy, ensures that monetary developments are always part of the picture, and receive the attention that they deserve, given the monetary nature of inflation beyond the immediate horizon.