Cuts in wage costs and prices were necessary to regain competitiveness that had been lost during the boom years. Exactly three years after the crisis hit, Latvia now seems close to concluding its international financial assistance programme. What were the specific elements that underpinned this adjustment? I want to mention four elements in this regard.
Amando M Tetangco, Jr: Bangko Sentral ng Pilipinas’ Stakeholders’ Awards – a celebration of solid partnership Speech by Mr Amando M Tetangco, Jr, Governor of Bangko Sentral ng Pilipinas (the central bank of the Philippines), at the 2013 Awards Ceremony and Appreciation Lunch for BSP stakeholders, Manila, 16 July 2013. *  *  *  Magandang umaga sa inyong lahat!