By this time, I am sure there is a need to replenish your refreshments, but before I conclude, allow me to take this opportunity, on a slightly different note, to announce that the Bank published its Official Gold and Foreign Exchange Reserves Management Investment Policy on its website today.
The Investment Policy outlines the governance structures, roles and responsibilities pertaining to the reserves management operations. Our objective is to improve transparency around the reserves management and to align the Bank with global best practices. Also, you will recall that we launched the department’s newsletter, the FMD Update, last year, which provided a high-level review of the FMD operations and projects.