An important issue here is how far we can together achieve even the early stage of economic convergence, when only 4 out of 46 countries successfully met the targets in 2011, the last year for which we have comparable data. Even Mauritius is having difficulty here.
At the end of June 2013, the core tier 1 ratio had risen to an average of 11.2 per cent from 7.0 per cent in 2008.