Let me briefly look back at what we called for in our statement following those meetings. Then I'll review what progress has been made. Central bankers and finance ministers emerged from the Boca Raton meetings with a list of policy initiatives that are key to addressing global current account imbalances.
Prices in the financial and real-estate markets have reached new record highs and financial and real-estate markets have remained buoyant, but the rate of increase in real estate prices, which at times exceeded 35 per cent on a year-on-year basis in 2004, tapered off significantly over the course of 2005. 8.