BIS Review 42/2003  5  Table 1 Inflation Performance in Selected Industrial Countries, 1994-2002 (Percent annual average; broad index of prices for all consumer goods) Country  Mean  Standard deviation  Inflation targeters Australia  2.7  2.9  Canada  1.7  1.6  Finland (ECB)  1.6  1.3  New Zealand  2.1  1.8  Spain (ECB)  3.1  1.8  Sweden  1.2  1.5  United Kingdom  2.4  .7  Austria (ECB)  1.8  1.1  Belgium (ECB)  1.8  1.4  France (ECB)  1.4  1.0  Germany (ECB)  1.7  1.2  Ireland (ECB)  2.9  1.9  Italy (ECB)  2.9  1.4  Japan  .1  1.3  Netherlands (ECB)  2.6  1.3  Portugal (ECB)  3.3  1.3  Switzerland  1.2  1.5  United States  2.3  1.0  Mean, targeters  2.1  1.7  Mean, nontargeters  2.0  1.3  Mean, non-ECB targeters  2.0  1.7  Mean, non-ECB nontargeters  1.2  1.3  Nontargeters  Memo:  Note: ECB means that as of 1999 the country had joined the European Central Bank and had a common monetary policy.
While the success of the same revolves around a number of wide ranging issues adequately flagged in the Plan Document, certain basic problems need to be addressed first. These are agriculture reforms, governance reforms and infrastructure reforms. In today’s address, I would confine myself to the third issue – that is infrastructure – finance as well as the beyond.