However, the development of new instruments for lending to emerging market economies and the increasing diversification of the creditor base, while facilitating the financing of the countries concerned, render negotiations between debtor countries and their private sector creditors more difficult in the event of a crisis.
Ahead of us is also the strengthening of human capital. In order to respond quickly and efficiently to modern day challenges, in accordance with democratic principles, in future we will also need people able to make impartial and responsible decisions in the general interest. Conveying knowledge and developing human capital – that is the best investment for the future.