As governance reforms progressively reflect the changing global economic realities, so also will the IMF’s surveillance gain legitimacy, incisiveness and traction. It is only by this that the IMF’s surveillance will remain meaningful and responsive to the rapidly evolving needs of an integrated global economy. BIS central bankers’ speeches  5
Today, PAN has a governing council, an executive office which is being launched today, and several Payment Clearing House (PCH) working groups or committees. This has increased its operational efficiency and service delivery. BIS central bankers’ speeches  1  PAN has achieved many goals over the last several years.