To achieve these outcomes we all need to do more to make the world economy safer, less crisis prone and fairer and take the necessary steps to enhance the framework that govern our myriad linkages and interactions. We also need to focus more on building credible global institutions that help to deliver global public goods.
In the realm of financial markets, solid progress is being made in developing new rules, standards and mechanisms, yet more needs to be done to ensure consistent implementation. From the South African Reserve Bank perspective, we will continue to argue for reform of the global financial system to make it fairer and invest in building our internal institutions.