Our main focus is therefore always on the activities that earn us foreign exchange: tourism and related activities, international business and financial services, and rum, chemicals and a few other manufactured goods. There is one sector where we have the potential to increase output without the use of foreign exchange, and it is in the energy sector.
This afternoon I would like to focus on the very difficult issue of mortgage arrears which is a top priority for the Central Bank. I welcome the opportunity today to outline in turn the different elements of our supervisory strategy in this area.