The challenge that we face, and I know it is being confronted head-on here, is that one day our mineral resources will be depleted and we have to depend on other economic activities. South Africa's Diamond Coast illustrates the point further. Globally, according to forecasts, known diamond reserves are expected to run out in 30 years.
This cannot be a case of “do as I say, not do as I do”. At the Central Bank of Ireland, we have reflected this in our most recent strategic plan which commits us to acting as a socially responsible and sustainable organisation.