While these developments are good news for oil-importing countries such as South Africa, particularly in the developing world, it should not be forgotten that the decline in the price of oil is part of a general decline in commodity prices. South Africa, as a commodity exporter is experiencing the negative consequences of these developments.
Actually, given your track record, I trust that BAIPHIL will find new and creative solutions to meet these challenges. Finally, I thank and commend BAIPHIL for its continuing commitment to support the Bangko Sentral’s financial education program for parents and teachers in our public schools.