So I hope we have learned that misaligned incentives that result in harm to consumers have implications for the economy overall. If we recognize this, then we must also recognize that consumer protections cannot be viewed as an ancillary component of a scheme to regulate for safety and soundness.
We favor the confirmation of IDA-18 special themes and the focus on new cross-cutting areas. To address the fundamental determinants of fragility, we support a stronger engagement of IDA in regional programs, including those for Sahel, Horn of Africa, and Lake Chad.