Just to give an example, the Decision on Bilateral Surveillance over Members’ Policies, aimed at identifying fundamental exchange rate misalignments, has been modified to allow greater discretion in surveillance, especially exchange rates. This might look like a tactical choice, but I doubt that it will result in a tougher hand for the IMF.
Acknowledge PFIP’s Work I wish to acknowledge with sincere gratitude, the commitment and ongoing assistance of the Pacific Financial Inclusion Programme (PFIP), jointly implemented by the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) to our 1/2  BIS central bankers' speeches  country and to the region that has enabled us to be at the forefront of significant developments in financial inclusion.