5 The trend of WALR clearly indicates that the real lending interest rate today is lower than it was in the high growth period of 2003–08, a period when investment boomed. This is the case irrespective of whether we use WPI or the GDP deflator. 4F  47.
The completion of our program on “Training the Trainors” therefore comes at a most opportune time. Implemented with technical assistance provided by the European Commission, this program underscores the trust and confidence of our European allies in our country as a capable, reliable, and enduring partner in the increasingly challenging war against crimes and its financing.