In relation to the cyclical budgetary stance, the pursuit of macro-financial stability requires that the government runs a counter-cyclical fiscal policy. In addition to the mechanical operation of the automatic stabilisers that are embedded in the dynamics of tax revenues and transfers, a government may need to take further discretionary measures to tighten budgetary policy during phases of robust economic growth.
I am glad to learn that one of the main objectives of the conference is to leverage on the knowledge of the great minds gathered here to create more awareness and understanding on the concept, with the overall goal of shifting Impact Investment Funds to agriculture. We are very keen to encourage practices that promote inclusive and sustainable businesses.