And, as I said, we - together with other countries - need to make the international financial system as efficient and effective as possible. An important part of this effort will be to modernize the IMF. With strong domestic policy frameworks and a strengthened international financial system, Chileans and Canadians can look forward to continued strong economic growth in the years ahead.
After depreciating by 0,4 per cent during January 2003 on a weighted average basis, the rand appreciated by 8,2 per cent and 0,4 per cent respectively during February and March, resulting in an increase of 7,5 per cent from the end of December 2002 to the end of March 2003. This followed a 26 per cent appreciation for 2002 as a whole.