By increasing the pool of purchasable assets – and by communicating our intention that our combined measures will help bring the ECB’s balance sheet back to levels it had in early 2012 – we are providing guidance on the overall scale of our interventions; a scale considered necessary to deliver the intended support to inflation and the recovery of the euro area economy.
In summary, it seems that UNCDF, through PFIP has been very busy! We would like to acknowledge the EU in particular for supporting the second phase of PFIP’s work in Papua New Guinea through the RED 2 Programme, without which, many of the abovementioned achievements would not have been possible.