One area of particular interest to central banks is cross-border transactions. As usual, the Bank will be working on many more issues in 2020 than I have been able to summarize here. Before I conclude, though, let me mention one topic that has garnered a lot of interest lately: Modern Monetary Theory.
I would also like to thank the Board of Directors and Management of CompuScan CRB for inviting me to preside over this function. Credit markets are plagued by informational problems, and these problems are especially acute in developing economies. Informational problems raise transactions costs, often to such an extent that potential borrowers are denied access to credit in the formal sector.