At the outset, let me share with you that since the 10th SAARC summit in 1998, the SAARCFINANCE Group has been a key gateway that has allowed regulators to gather at the forum and share their experiences about the efficacy of the existing policy framework, identify the emerging challenges, and brainstorm ideas to tackle these challenges.
As central banks have played pivotal roles in overcoming global economic crises, and are around the world becoming perhaps more scholarly organizations than even academia itself, so we too must from now on be able to propose evidence-based policies, and not those based on unrealistic arguments.