This would create room for supplementary privately funded pensions. This would also benefit the capital markets. And mentioning the capital markets I have now arrived at the last topic of my presentation. Undoubtedly, the “New Economy” is closely connected with developments in the financial markets.
And this can be done by crafting, among others, a well-thought-out fiscal consolidation framework, which has to be prepared by the Executive Department and ratified by Congress. In closing, as many of us in this room may have come to realize, the pandemic has taught us that fundamentals matter and pursuing structural reforms makes our country resilient to shocks.