a - vis both the markets and our creditors as a result of last year ’ s delays ( 2 elections in just 9 months, a referendum, the country coming to the verge of grexit ) which led to the signing of the 3rd memorandum, can only be overcome, at this point, with deeds and tangible proof that agreements are kept in greece : i. e. that fiscal adjustment measures and reforms are implemented, and privatisations are accelerated. pacta sunt servanda, as the latins say. third remark : a question i am often asked in athens, as you might suspect, is whether i am optimistic about the country ’ s economic prospects. mark twain said something along the lines : the man who is a pessimist before 50 knows too much ; he is wise man ; if he is an optimist after 50, he simply needs to visit a gp! so my answer to those who asked me whether i am optimistic is that if there is a timely conclusion of the first review, i see the glass half - full for bis central bankers ’ speeches the following reasons : in the short - term, immediately, confidence will be drastically restored, thus accelerating a return of deposits to the greek banking system and this will, in turn, lead to a further relaxing of capital controls and, once again immediately, lead to greek government bonds being readmitted as eligible collateral for eurosystem operations, under the so - called ‘ waiver ’. such a development will allow the provision of much cheaper financing for greek banks by the ecb, hence boosting liquidity provided to the real sector of the economy. furthermore, the successful conclusion of the first review will be immediately followed by a start in negotiations with our creditors for public debt relief, and improvements in credit ratings for greek government bonds and, in the end, our participation in the quantitative easing programme of the ecb, something which will become a catalyst for the drastic reduction in greece ’ s borrowing costs, a return to international capital markets and finally a return to european normality for my country. thank you very much for your attention. bis central bankers ’ speeches

maha prasad adhikari : special address - asian banker's association annual general meeting and conference special address by mr maha prasad adhikari, governor of the central bank of nepal ( nepal rastra bank ), at the 39th asian banker's association annual general meeting and conference " asian banking : roadmap for recovery and sustained growth ", kathmandu, 9 november 2023. * * * honourable finance minister, government of nepal, and chief guest of the program dr. prakash sharan mahat mr. eugene s acevedo, chairman, asian bankers association mr sunil kc, president, nepal banker's association distinguished speakers, moderators, and presenters of the conference distinguished foreign delegates, guests, ladies and gentlemen! warm good morning and namaste, it is my great privilege to have the opportunity to address this 39th agm of the asian banker's association and conference, organized with the theme of " asian banking : roadmap for recovery and sustained growth ". this conference is being organised at a time when the global banking system has been facing immense challenges from a global uncertain environment while recovering from the covid - 19 pandemic. the nepalese banking system is also no exception. therefore, this type of event for discussing such issues would be highly beneficial for all of us. my sincere thanks to the asian bankers association for choosing nepal for its 39th agm and also to the nepal banker's association for organizing the conference while hosting the annual general meeting of the asian banker's association. distinguished guests, ladies and gentlemen the global financial system remained resilient even during the covid - 19 crisis but is now facing challenges. the symptoms were seen earlier this year when some banks faced turmoil in advanced economies. data and statistics showed that asian banks were able to show a high degree of resilience during those periods, though the vulnerabilities still exist. since the banking business is directly related to the economic conditions, the banking community faces similar challenges as the global economy. presently the global economy is still'limping along, with growing divergences'as mentioned by the imf's recent world economic outlook. this indicates that the risk of spillover from the global financial to the domestic market is still prevalent. 1 / 4 bis - central bankers'speeches inflation is now moderated in most of the advanced economies but still well above the central bank's targeted level. some emerging markets and developing economies are still facing a higher inflation spiral.