We stand ready to engage in an open and constructive discussion on the 15th General Review of Quotas. The outcome of the Review should be broadly acceptable and beneficial for all Members. The results should not serve the interests of the largest member countries at the expense of small and medium open economies, as it would threaten the credibility and legitimacy of the Fund.
To conclude, we face changes in the global economy and live in the environment which requires us to think and operate in the frame of an appropriate policy mix of structural reforms, fiscal, macroprudential, as well as monetary policies. The Fund has a crucial role in advising countries and ensuring a smooth transition through cyclical as well as systemic changes.