But for sustained economic development, investment in people – in their knowledge and skills – is even more important. No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change. I think this is a lesson that the South, as a region, has learned quite well.
Noteworthy also are your initiatives aimed at spearheading development programs and activities directed towards the active support of good governance and other related programs for nation building. Let me also take this opportunity to encourage you to continue to face with vigor and passion the challenges that we all have to face in the rapidly changing supervisory and regulatory landscape.