It has included a slowdown in net portfolio capital inflows and temporary outflows of foreign funds. See Graph 4 At the same time, external interest rates, as reflected in JP Morgan’s EMBI global index, have seen upward pressures, beginning with the taper tantrum, although access to foreign financing under still reasonable conditions has continued.
The compelling theme, the powerful messages, the learned speakers, as well as the lively discussions that ensued will not only be imprinted in our minds, but will inspire us to work harder and closer to fulfill our goals. The motivation to network, cooperate and collaborate is one that is ingrained in our common histories and in our very nature as global citizens.