Hence we have introduced a new structure in which our Departments have been reduced from 23 to 17, with the aim of improving the efficiency of our service delivery. The activities of Project EAGLES are continuing and have entered the third and final phase which involves such activities as implementing the IT programme, reform of the budget and procurement processes and staff realignment.
It was coined by former Governor of the Bank of England, Mervyn King. I hope I have not given you the impression that my ambition today was to be boring. And anyway, Mervyn King was not alluding to events like this but rather to the management of the economy. In my view, this also means that central banks should concentrate on maintaining price stability.