Only the IMF can perform this decisive function, provided its mandate is strengthened. In terms of institutional set-up, we need two major improvements: •  First, the international financial architecture requires a strengthening of the informal groupings, in particular the FSF and the G20.
Recently, our capital market was recognized as an emerging investment hub in Asia by three (3) major debt watchers – Moody’s, Standard and Poor’s, and Fitch. Robust economic conditions coupled with Government’s thrust to promote infrastructure create favourable conditions for capital market deepening.