The prudent conservative spending approach will see some savings and accumulation of assets by the Government over time while allowing for welfare of the people to improve through improvement of infrastructures of transport, education, health and law and order. Real exchange rate Let me first define a couple of economic terms that matter for the topic of the forum.
Introduction of the Real Time Gross Settlement System (RTGS), although expensive, could be thought of as a medium term objective by member countries. Apart from improving upon the existing operational mechanism of ACU to enhance efficiency of the Union it could now be used as a forum for free exchange of views among the members.