Rather than seeing markets as being inimical to the development of the banking sector, we have to see them as complementary – of course, this requires you bankers to build on your risk management capabilities so that you can use markets effectively.
We also had a healthy external position with GIR at an unprecedented high level of $ billion as of December 2007, as well as the highest recorded BOP surplus at $ billion for January to November 2007. Interest rates remained on a generally downward trend, with the 91-day T-Bill full-year average rate at its lowest ever.