duty of care to educate their members about the investments realities so that they can better understand such issues. i dare add that this is not the only subject of financial inclusion and financial education that has to be addressed. the matter also involves educating the non membership general public in financial matters including the dangers and pitfalls of fast money schemes which have a tendency to “ play hide and seek ”. they disappear and re ‐ emerge in one form or another. your members can assist by spreading the word about the risks and pitfalls of fast money schemes. through your various points of representation, such as this service centre, your membership can also assist with educating each other and others on other financial matters including the clean banknote policy. for us to be aware when to return or exchange an old bank note for a new one and not wait for the note to be torn and faded. for the public to have and enjoy the benefit of using clean notes. the rate of growth of the major super fund ’ s also increases the scope and magnitude for the areas of responsibility and accountability requiring prudential management of members ’ funds. as such the asfs trustees must always ensure that their investment decisions are made in a sound and prudent fashion in accordance with the act and prudential standards set by the bank as the trustee is entrusted with the responsibility of ensuring that members ’ superannuation savings are preserved and secured at all times for their future retirement benefit. i see the new nambawan super ’ member services centre here in port moresby as another positive initiative in enhancing effective delivery of superannuation products and services to the members and i would like to encourage nambawan super and other asfs to continue such enhancement exercises into other regions or provinces of the country in a commercially responsible manner where the members are also located so that the members can be better served. with the current and potential growth in the economy of papua new guinea, this will see more employment opportunities and increased demand for banking, finance and superannuation products and services throughout the country. it is therefore good to see that the superannuation industry is moving in this direction to better serve the needs of its members throughout papua new guinea. i now have the pleasure of declaring this new nambawan super member services centre officially opened.

used for a while now. there is currently much discussion on how and when the measures taken around the world during the financial crisis are to be phased out. one question that is highlighted is that international coordination might be necessary for some of these processes. some of the discussion concerns timing and how “ aggressive ” one can be when slowing down the powerful stimulation from fiscal and monetary policy. if one eases up on the stimulation too soon and too hard, it may jeopardise the economic recovery. if one instead eases up too late and too little, there is a risk that inflationary pressures will be too strong. here i believe that every country must make its own assessment, as conditions differ in different countries. one factor that could become important is that the stimulation from fiscal policy has put a lot of pressure on government finances in many countries. it might well be that countries with a high national debt will be forced for budget reasons to change their fiscal policy sooner than they desire. this could be a risk that hampers the economic recovery, in the worst case for the world economy as a whole. there are also individual differences to take into account when coordinating the phasing out of the extraordinary measures taken to safeguard financial stability. the situation looks different in different countries and it is not certain that everyone is prepared to throw away their crutches at the same time. when it comes to phasing out the support to the bank sector, however, there is reason to coordinate the measures as far as possible. otherwise the competition between banks in different countries may be distorted, which was an issue discussed when some countries introduced support measures at an early stage. phasing out measures not so complicated for the riksbank so how does the riksbank intend to phase out its extraordinary measures in the cases where the changes should not become permanent solutions? some measures will in principle phase themselves out. the loans in us dollars from the riksbank to the swedish banks have actually already phased themselves out to some extent. the demand for dollar loans from the riksbank has disappeared as the market has begun to function better. the mechanism is largely the same for the loans in swedish kronor at longer maturities, which are offered at the repo rate plus a certain premium. by regulating the premium the riksbank determines how attractive the loans will be compared to the conditions prevailing in the market. the diagnosis that a measure is no longer needed may be difficult to make. although, for instance,