For example, in Australia, we will be looking for the AFXC endorsement of the Code at our next meeting in early May. Following the meeting of the Global Foreign Exchange Committee, the first phase of the Global Code will be publically released. We have already started on the work of drafting the material in phase two of the Code.
If these choices are not made immediately, the region’s macroeconomic and social stability will be at risk. Democracy, during the next couple of months, will undergo its first major test since the beginning of transition.