. the country is happy to supply up to 100, 000 workers for both australia and new zealand. however, it is imperative that any sustainable growth strategy for our country must rely on the expansion of domestic economic opportunities. hence, the need for economic reforms. and to do that, again it's important that the government provide a conducive environment for businesses to thrive and attract genuine investors, at the same time expand economic sectors to broaden the economic base in order to provide more employment for the working - age population. cbsi stands ready to support the government of the day in this regard by ensuring that macroeconomic conditions in solomon islands are conducive to growth and stability. ladies and gentlemen, during our consultation with the stakeholders in the private sector, two factors routinely emerged as major constraints to growth and employment : ( i ) a shortage of skilled labour, and ( ii ) the unreliability and inefficiency of domestic infrastructure. the former is of particular importance for all of us in strategic terms. growth will not magically materialize from a rising number of working - age people in our country ; rather, it will depend crucially on the skill level of that workforce, and on their ability to find suitable employment. it is therefore essential that our education system keep up with rising domestic demand for skilled labour, and that our healthcare system ensures the health and well - being of our people. we believe the government can contribute to this by continuing to step up its efforts at promoting a healthy life - style, strengthening the fight against ncds and ensuring that every individual has access to a healthy and affordable diet. 6 / 8 bis - central bankers'speeches for the infrastructure, the private - sector actors are calling on the government to step up investment in infrastructure and its maintenance, ensuring also that it is climate resilient, in order to forge more reliable domestic supply chains and facilitate intra - and inter - island movement and trade. better infrastructure would also place solomon islands more firmly onto the global tourism map. in terms of financial infrastructure, cbsi is committed to providing an ever more enabling environment for financial development, and to actively champion financial inclusion as we inch ever closer to reaching that'last mile '. recent technological advances, especially in the fintech space, have brought us closer to that goal than ever before, thanks to increasingly agile payment infrastructures and savings devices. as some of you may be aware, that cbsi recently launched the go - live solomon islands automated

stanley fischer : israel ’ s economy summary of the address by professor stanley fischer, governor of the bank of israel, at the israel business conference, tel aviv, 13 december 2010. * * * israel ’ s economy is doing well, but there are still many long - term goals that need to be dealt with. each one of them needs to be approached differently, and requires hard work and difficult decisions. i will outline what i consider to be the major challenges confronting us in the next decade. first, we must ask ourselves about the strategy that will lead us towards long - term growth. it is clear that israel ’ s economy, like every open economy, must continue to be based on exports as the engine of growth and to be open to competition from other economies. the results of international tests showing a persistent decline in the relative achievements of israeli students indicate that we must continue to promote the education system and to solve the problems it faces in all segments and across the entire age structure. the problem of education is directly connected with the problem of poverty, which in israel is concentrated in two sectors in the population – the ultra - orthodox, and the arab sector. only 30 percent of ultra - orthodox men participate in the work force, with the inevitable result that a large part of that population is below the poverty line. in the arab sector the main problem is the low level of employment of women, as well as discrimination, and the need to improve the education system. if we do not deal with these problems we will be unable to maintain our standard of living – that of the advanced economies. israel also suffers from a lack of infrastructures, and related to that, from bureaucracy, slow decision making, and a low level of public - sector efficiency. our geopolitical situation is clearly another factor ; if that problem would be solved, the standard of living in the whole region, and in israel too, would improve significantly. the problems i have enumerated till now are long - term ones. i will turn now to some shortterm macroeconomic issues that come within the scope of the responsibility of the central bank. the main goal of the bank of israel, under the bank of israel law passed by the knesset this year, is the preservation of price stability, i. e., to keep inflation down to between 1 percent and 3 percent a year. in addition, the bank ’ s objectives are to work towards the achievement of the other goals of the government ’ s economic policy, in