For timely policy making, immediacy is then more important even if it might come at the cost of accuracy. There are, however, quick wins when it comes to data quality. Let me start by saying that labelling data is key, and I will give you an example.
I welcome our distinguished guests, including our invitees from the IMF and the BIS. SAARC 1, as a regional bloc was set up in 1985 with the aim of promoting the welfare of the people of South Asia, to accelerate regional economic growth, strengthen collective selfreliance and contribute to mutual trust, understanding and appreciation of one another’s problems in the region.