More positively, sub-Saharan Africa, where South Africa’s trade and investment links have expanded, is expected to remain one of the fastest growing regions in the world, although weaker commodity prices remain a risk to the outlook.
I see that particular progress has been made on three fronts: First, the international dialogue has been broadened and has been made more inclusive. The committees of the BIS as well as the creation of the G-20 have enabled emerging market countries (EMCs) as well as developing countries to get involved in the discussion on how to strengthen the international financial system.