PFTAC here in Suva has provided a significant amount of technical assistance to Balance of Payments compilers in the region for about 12 years. Staff at the IMF headquarters in Washington provides backstopping support to PFTAC and can also provide additional advice and assistance.
New credit must target dynamic, outward-looking enterprises with growth prospects. In other words, banks must channel credit into truly viable enterprises, whether new or old, encourage business partnerships and support initiatives conducive to bold sectoral restructuring. In this way, they will maximise the growth potential of the Greek economy. Let me summarize my main message to you.