* * * Honorable SEC Chair Emilio Benito Aquino, Citibank Philippine Country Head Aftab Ahmed, MCPI Chair Fr Jose Victor Lobrigo, fellow microfinance stakeholders, distinguished guests, ladies and gentlemen, it is a pleasure to be with you today for the 2018 MCPI Annual Conference and the launch of the 16th Citi Microentrepreneurship Awards.
2  BIS central bankers’ speeches  For Australia, we cannot, of course, determine our terms of trade or other forces in the global economy. We can only adjust to them. The record of adjustment in recent years is good. We negotiated the financial crisis without a major financial crisis of our own or a big downturn in economic activity.