5 These include: a sustained fiscal consolidation in the United States and several other advanced countries; an upward adjustment of U.S. household savings; increased, policy-induced domestic demand in China and other major emerging-market economies; and a real exchange rate appreciation in countries with large current account surpluses.
Successful community development projects require vision, commitment, tough choices, and hard work. Indeed, these are the qualities that each of the projects honored here tonight share.