In turn, the coverage ratio of imports of goods and nonfactorial services by gross international reserves stood at 4.7 months in November, above the four programmed months, including the mega projects. Ladies and Gentlemen One of our objectives is to foster a sound, strong and competitive financial system.
*  *  *  I hope you share my view that meeting the six industry associations in a single general membership meeting such as this one is not only efficient but it is also hopefully more effective in developing: 1) a holistic view of events and developments – both here and abroad – and 2) a clearer common understanding of BSP policies.