South Africa remains concerned that, whereas the world came together in 2008–09 in a coordinated response to the global financial crisis, policy today is more inwardly focused and disparate, rather than coordinated and coherent. The world economy still needs a high level of cooperation and partnership in order to complete the recovery process. We still need joint activity to ensure faster growth.
4  BIS central bankers’ speeches  Our responsibilities, as leaders of our respective countries, are not just price or financial stability. While these elements are important, our collective objective is for higher economic growth, shared prosperity, greater opportunities and a better life for all our citizens.