But it was equally important not to become a slave to any one model or method of estimating losses. It was precisely the combination of rigorous, data-driven analyses and considered judgment  3  GMAC did receive a capital injection from the Treasury through the TARP’s Automotive Industry Financing Program. BIS Review 38/2010  3  that made the stress test successful.
Fourth is the development of a highly skilled and resilient workforce by strengthening the educational system, sustained upskilling, and adequate health protection to future-proof our workforce. In this way, the country’s productive capacity can benefit more strongly from its favorable demographics. The structural reform imperatives I have outlined are outside the ambit of BSP.