With that the currency will stabilize; interest rates will begin to come down; foreign exchange reserves will be built up and investors will start looking at Malawi again. Inflation should be contained within an average of 18.5 percent in 2012, coming down slightly to about 16 percent in 2013 but with a much lower rate at year-end.
Canada has made good progress in putting in place the G-20 reforms in the spirit in which they were intended. We’ve implemented Basel III ahead of schedule and started work on recovery and resolution plans for D-SIBs. Some jurisdictions have also made rules that deliberately separate different parts of their financial systems.