13 14  - 18 -  (2′ )  𝐶𝐶𝑡𝑡 = 𝛼𝛼1 + 𝛼𝛼2 𝑌𝑌𝑡𝑡−1 + 𝛼𝛼3 (𝐷𝐷𝑡𝑡+1 − 𝐷𝐷𝑡𝑡 ) − 𝛼𝛼4 𝐷𝐷𝑡𝑡 (6)  𝐷𝐷𝑡𝑡 = 𝜃𝜃1 𝐷𝐷𝑡𝑡−1 + 𝜃𝜃2 𝑌𝑌𝑡𝑡−1  Equation 2’ indicates that consumption expenditures are positively supported by new borrowing (𝐷𝐷𝑡𝑡+1 − 𝐷𝐷𝑡𝑡 ) but are negatively affected by the level of debt.
•  Fourth, this is an opportunity to obtain uniform training for each of the key players in their respective roles. With a common foundation, the objective of harmonisation in the region will draw closer to reality.