We must make our best efforts to complete the 2010 reform before the 2012 Annual Meetings. 9. We welcome the expanded and amended New Arrangements to Borrow (NAB) which became effective from March 11, 2011. The activation of the NAB should be regarded as a bridge between current expectations and the availability of higher quota resources under the 14th General Review.
The Bank is building the nucleus of a payments system infrastructure and a financial system that can develop over time into a vibrant segment of the international financial industry in the West African Region, a financial centre of global standards in terms of the quality and incentives built into the regulatory environment, financial institutions and the services they can deliver.