Public policy has an important role to play in supporting such an outcome by establishing coherent medium-term policy frameworks that will guide expectations and reduce uncertainty. The role of public policy I’d like to discuss three areas of public policy that will contribute to this goal. Let me start with financial sector reform.
A stable, efficient financial system is a cornerstone of a healthy and dynamic economy. Policy-makers are currently at an important stage in multilateral discussions about fundamental reform of the financial sector.