##lateral cooperation. my friends, collective action is the antidote to an increasingly fragmented world. the 80th anniversary of the bretton woods institutions provides a moment to reflect on our achievements, and plan for a better future together. let me extend a warm welcome to liechtenstein, which earlier this week joined the imf as its hundred and ninety - first member, further reinforcing the importance of multilateralism. i am pleased with addition of the 25th chair at the imf's executive board for sub - saharan africa, and urge my fellow governors to champion gender diversity and equality. as the bretton woods institutions plan for the future, they should tailor their advice and activities to meet the specific needs and capacities of each member. if we fail to do this, we fail the people we represent, as the first annual meetings chair, john snyder, wisely reminded us 80 years ago. as i conclude, let us remind ourselves of our unwavering commitment to macroeconomic stability, prosperity, and cooperation. 2 / 3 bis - central bankers'speeches thank you. 3 / 3 bis - central bankers'speeches

ahmed naseer : the need for increased efficiency and dynamism of the financial sector speech by mr ahmed naseer, governor of the maldives monetary authority, at the 45th anniversary of state bank of india ’ s male branch, male, 11 february 2019. * * * your excellency the president of republic of maldives honorable ibrahim mohamed solih, vice president honorable faisal naseem, managing director state bank of india mr. dinesh khara country manager state bank of india mr. amritesh mohan distinguished guests ladies and gentlemen : assalamalaikum and a very good evening to you all. it is an honour and a pleasure to say a few words this evening, on the proud occasion of the 45th anniversary of sbi male ’. i take this opportunity to congratulate sbi – the wisdom, the leadership and the vision of the management and the hard work of the staff for having made sbi a proud, i must say an inseparable, business partner of the maldives. over the past four and a half decades, the management and staff of sbi has contributed selflessly to the development of the maldivian economy and the financial sector of the maldives mr. president, your presence here today demonstrates the importance you attach to the development of the financial sector in the maldives. i am confident that your presence would be a reassurance for all the businesses and individuals who continue to foster a close relationship with sbi – known to its customers as india bank or state bank. sbi male ’ was the very first bank established in the maldives which started its operations in 1974 – a big milestone for maldives ; a defacto central bank that would handle all the banking activities of the government of maldives came into existence ; mma was institutionalized almost half a decade later in 1981. sbi has continued to play a prominent role in the development of the financial sector and the maldivian economy. i would like to emphasize that sbi is the largest foreign bank in the maldives, holding a significant market share of around 20 percent in terms of total assets and deposits of the industry. as of december 31, 2018, sbi has extended 5. 3 billion maldivian rufiyaa as loans and advances to the private sector, representing almost a quarter of the total loan portfolio of the industry. more than half of the portfolio is extended towards tourism ; construction and real estate ; and trade and commerce activities. i applaud your commitment to the economic growth of