In an integrated world economy, it is essential to have close cooperation and that information is shared internationally. This is becoming even more important with the increased foreign participation in the South African banking sector. The Bank continues to develop relations with other banking supervisors to meet the challenges posed by globalisation.
The world economy has taken a major hit with the devastating impact of the COVID-19 pandemic and now the Russia-Ukraine conflict, and likewise Namibia has not been spared. Despite this very difficult global situation, I do believe that there is a lot of promise and opportunity, and that our stars are aligning.