We have a legislated requirement to review the legislative and regulatory framework for the financial system every five years. We have also twice subjected our system to rigorous examination under the Financial Sector Assessment Program conducted by the International Monetary Fund. While it is undeniable that good financial regulation begins at home, it is equally clear that it cannot end there.
In addition, although the country experienced lower-than-expected growth for Q1 2019 at 5.6 percent, growth is expected to pick up in the second half of 2019 with the catch-up government spending plan. Let me emphasize that the country’s economic expansion streak is now 81 quarters, which translates to more than 20 years of uninterrupted growth.