2/3  BIS central bankers' speeches  Recently our economy is continuing to grow at the level of its potential growth rate and maintaining a favorable external credit standing, unlike some EMEs that are experiencing financial and economic unease. I think that you have contributed substantially to this end by fulfilling your duties.
So I would like us to take a few minutes to recall that this started out as a high-risk Programme, why that was so, and how things evolved so that it ended up being a success.