Nonetheless, significant challenges remain to develop financial systems and accelerate financial inclusion, to enhance the effectiveness of monetary policy, and to further expand the institutional and operational capacities of central banks.
I wish you – the governors and high officials of African central banks – well in carrying out your critical and difficult responsibilities, and I look forward to discussing with you the policy issues that you confront. References Berg, Andrew, Stephen O’Connell, Catherine Pattilllo, Rafael Portillo, Filiz Unsal (forthcoming).