Our international reserves are at a level of eighty point eight billion US Dollars (USD80.8B) as of end-July 2017 — enough to cover eight point six (8.6) months of imports and payments of goods and services. As if these are not encouraging enough, our discussion on capital market reform received support via technical assistance from the IMF.
The time is right to talk and take up reforms. Colleagues and friends, it is our pleasure to start this conversation with you and to make local history. I am honoured to represent the BSP in this regard.