You have aptly chosen as your theme “The Way Forward: Building Opportunities – Riding on the Wave of Emerging Market Growth”. Data from the BIS shows that the growth pattern in the EMEs has changed since the height of the crisis. Overall, exports and industrial production are weakening while household consumption continues to hold up well.
All the banks came out of it unscathed and this self discipline and focus is commendable. Of course, the Central Bank had to walk the path with them. Allow me to now turn to the experiences of the regional central banks in the East African Community (EAC) integration agenda.