However, I had lingering doubts about when or if an abrupt tightening of credit conditions would occur. I viewed the lingering effects of the banking stresses from March as a downside risk to cause a tightening of credit conditions.
*  *  *  Mr. Serwalo Tumelo, Permanent Secretary, Ministry of Finance and Development Planning, Botswana and Chairman of the Task Force of Senior Officials; Permanent Secretaries here present; Dr. Eliawony Kisanga, Executive Secretary, ESAAMLG; Representatives of Co-operating Nations and Organisations; Members of the ESAAMLG Taskforce of Senior Officials; Distinguished Guests; Ladies and Gentlemen: It is my joy and pleasure to be here this evening on the occasion of the official opening of the 16th ESAAMLG Taskforce of Senior Officials Meeting.