For this reason, I welcome the opportunity to offer a regulatory perspective on the role of internal audit in our supervised institutions, and for a growing relationship between the Institute and the Regulatory Authority.
The economy grew at an average rate of 5-6 percent in real GDP terms between 2004 and 2008, leading to an improvement in balance of payments position and record international reserves adequate for 9-11 months of import cover. However, there are challenges we still have to face: 1.