Regulatory/supervisory authorities should promote the reliability, effectiveness and integrity of the market infrastructure, in particular payments and transactions systems. The Malawian experience in payment system reform At this juncture let me briefly share with you our own experiences in Malawi our efforts in modernising the payment system.
This, however, should not be seen as an excuse to delay fiscal consolidation, but as an additional reason to design and implement a credible consolidation path based on durable and growth-enhancing structural reforms.