The country’s balance of payments position also remains healthy. During the first five months of this year, the country posted a BoP surplus of USD 1.3 billion. This has contributed to record level of gross international reserves which as of end-June now stood at USD 76.3 billion.
Capacity-building: a key to reforms These positive macro-financial indicators should not be taken as simply the “aggregate view”. They are the result of and not independent of the inputs of stakeholders on the ground. BIS central bankers’ speeches  1  To be sure, BAIPHIL is one of those stakeholders.