At the Bank of Canada, we welcomed this effort to help re-establish well-functioning money markets in Canada. And we are confident that our banks have the capacity to continue to support their conduits as necessary. Institutional transparency I said earlier that one of the lessons of the events of August is the absolute importance of transparency if debt markets are to function properly.
Due to various problems including lengthy and stringent process to access credit, the facility was not fully utilised and the European Investment Bank withdrew the scheme in 1998. Conclusion To conclude, we all should remind ourselves that the accelerated pace at which the world is changing is presenting many challenges for small and medium enterprises in the Asia-Pacific region.