BIS central bankers’ speeches  1  process in order to possess the learning capacities that will allow “catch-up” to happen … Ultimately a successful development strategy has to build extensive innovation capacities to foster growth. 2 1.
Their efforts will rely on transparent engagement with a wide range of stakeholders—including banks and nonbank financial institutions, the academic community, financial regulators, national authorities, and standardsetting bodies. This kind of broad outreach is essential.