Reflecting on the developing countries perspectives, he focused on several areas of significance, viz., the exchange rate, the policy on reserves, the role of the external private sector, the management of capital flows, strengthening the financial system, transparency in systems and development of standards and codes, reform of international institutions and new arrangements for international liquidity.
Moreover, factors such as the ongoing technological innovations in machinery, deregulation, and the streamlining of distribution channels will continue to restrain prices. With import prices beginning to decline, domestic wholesale prices are projected to continue to be weak for a while, as they are sensitive to import prices.