With the financing requirement of the current account deficit being modest, the rising profile of net capital flows has resulted in steady accretions to the foreign exchange reserves, which have more than doubled from $ 76 billion at the end of March 2003 to around $ 200 billion at the end March 2007.
From the original eight founding members, today, the NGFS brings together 42 central banks and supervisors and eight observers, representing five continents, representing half of global greenhouse gas emissions, responsible for supervising three quarters of the global systemically important banks and two thirds of systematically important insurers. The conference was the first milestone for the network.