Many useful surveillance initiatives have already been launched in recent years, including Standards and Codes, ROSCs, FSAPs, and the increase in transparency. By strengthening bilateral, regional and multilateral surveillance, the Fund can make useful key contributions aimed at achieving and maintaining stability worldwide and thus bolstering growth. Fund surveillance increases transparency in financial markets and improves the functioning of the market mechanism.
In addition, the Bank normally takes great interest in the media review of its decisions. The financial news therefore forms a useful part of what broadly shapes policy making. I will discuss more of this in my presentation.