Transitory factors are likely to have played a role in the overall slowdown in recent economic indicators. These exceptional factors include the cold weather conditions, influenza, the timing of Easter and school holidays, and industrial strikes in some countries. These developments may have been particularly relevant for the retail and construction sector.
This Conference therefore offers all of us various opportunities to effectively contribute to positive developments of our central banks. I am informed that one of the notable important projects being undertaken collaboratively is on ICT Governance implementation within the central banks using the Control Objectives for Information and related Technology (COBIT) framework.