You will all agree with me, that the world is a changed place since 2004 and we need to gear up to ensure that we continue to stay ahead of all disruptions and revolutions the central banking world is facing. In this light, updating our legal framework is key to adapting to evolution.
We have already progressed significantly on our proposed new Bank of Mauritius Bill. Engagements are under way with the IMF for their views also. We intend to submit a final draft to Government for consideration in October. Ladies and Gentlemen The hallmark in the evolution of the Bank of Mauritius has been its institutional strength.