Second, taking an inward-looking perspective, what domestic policy reforms are needed in the euro area in order to ensure a higher level of sustainable growth and thereby contribute to the growth of the world economy? Looking at the first question, the recent US slowdown has often raised the question as to who might take over from the United States as the "global growth engine"?
Mobile money regulation Money transmission is a regulated financial institutions business under the Financial Institutions Act, 2004 (FIA). Therefore, all mobile money operators have to get clearance from the Central Bank before they launch their services: –  If an operator is not a licensed financial institution, it must partner with a licensed financial institution.