Even with the uncertainty over the near-term global outlook, however, it makes sense to look forward. So in the final part of this address, I should like to talk about the common interests we have at stake in the way the international community responds to the crisis and shapes the next expansion. First among these is the openness of trade and capital flows.
We, thus, welcome the approval by the House of Representatives of the extension of the SPV Law 3 _ by another two years. We are hopeful that the senate will approve the counterpart bill soonest so that banks can immediately resume the wholesale clean up of bad assets.