It is firmly within our mandate of ensuring a financial system that operates in the best interests of consumers and the wider economy as a whole. The changing financial system The fourth key transition is the changing nature of the financial system itself. Since the crisis we have seen large growth in the financial sector outside the traditional banking system.
Well-defined rules on debt restructuring do not have to lead to easier defaults but rather to a more predictable and orderly process. Stepping up our efforts to reduce poverty in low-income countries Thirdly, is the question of the international community’s efforts to reduce poverty in low-income countries and on the role the Fund can play in this, without compromising its core function.