To them, the concept of financial stability might be remote, but the only way in which their lot can be improved on a sustainable basis is if the Reserve Bank does not deviate from its course. Globalisation of financial markets means that countries that are out of step with the rest of the world will be punished swiftly and severely.
The Foundation has now more or less completed its start-up and development stages. This process initially involved designing its strategy and fixing the policy instruments. During this period, the Foundation inevitably had only a minor public presence. The most important decisions have now been made and implemented, which means that the Foundation is fully operational.