Some of these actions will render benefits in the medium term, so in the mean time the main contribution of monetary and fiscal policies would be to preserve macroeconomic stability while maintaining the soundness of the financial system as this has been key to address adverse shocks in the past as well as to create a solid basis to achieve a sustainable economic growth.
Your work is central in enabling the public sector to effect true, broad-based and lasting change that supports the country’s continued development. The President’s address and the session before this one laid the groundwork for us to set our sights “Beyond Investment Grade”. Investment grade – how did we get here?