Sources: Cabinet Office; Ministry of Land, Infrastructure, Transport and Tourism; Bank of Japan, etc. Chart 7  I. Financial and Economic Developments  BOJ's Economic Forecasts Real GDP <January 2020 Outlook Report> 560 s.a., ann., tril.
It is indeed a privilege to have been invited to deliver the keynote address at this prestigious African Central Bank Reserves Management Conference. I would like to thank the Bank of Tanzania, Allianz Global Investors, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) for affording me the opportunity to share some thoughts regarding the challenges and opportunities we face in managing official reserves.