At the global level, we should support policies that address structural imbalances over the medium term including supportive monetary conditions, accelerating financial sector reform, and rebalancing global demand. Papua New Guinea, as a small open economy, was able to navigate the negative impact of the global financial crisis and grew by 5½ percent in 2009.
To prepare against potential shocks in the future, the counter-cyclical capital buffer rate in Lithuania had been raised up to 0.5% in 2017 and to 1% in 2018. All combined, Lithuania features one of the most comprehensive sets of macroprudential policy measures in the EU.