The recessionary effects of this were compounded by those of the severe shock of the September 11 terrorist attacks. The Federal Reserve’s response was then very rapid and very accommodating. The drastic reduction in interest rates was accompanied by a strongly expansionary budgetary policy, which remained in place also in relation to the military operations in Afghanistan and Iraq.
The adoption of this bidding process offered transparency that further fortified AFI as a credible organization. Today, we continue laying the foundation of our work toward our independence. In this meeting:   Members will be provided with an overview of the AFI independence process, with a presentation to be made by Superintendent Daniel Schydlowsky of Peru.