Emerging Asia has been experiencing a stronger than expected recovery. Although equity markets have exhibited a decline, most countries of the region have retained access to international capital markets and international bank lending. BIS Review 2/2003  1  The Indian economy has recently been exhibiting signs of staying ahead of global activity.
A Monetary and Fiscal Coordination Board headed by the Minister of Finance reviews the monetary and exchange rate policies of the SBP. Quarterly and Annual Reports on the state of economy and the affairs of SBP are regularly submitted to the Parliament which, at times, holds hearings and asks questions on important issues.