the aim is for all the key stakeholders to come together and discuss the best way to provide financial and credit facilities to the rural poor specially those who are termed as “ unbankable ”. road shows i believe that constant, effective and quality communication is extremely vital to the success of policies. this will ensure that key players are fully informed and have a good grasp and understanding of the policies implemented by the reserve bank and how they themselves fit into the “ bigger picture ”. i sent a team of my senior staff to go out and explain to all the key stakeholders, the policies that were put in place by the reserve bank and the reasons behind these policies. i believe people must be fully informed of why the fiji dollar was devalued as it affects each and everyone of us. to date the road show team has made around 30 presentations around the country – to the business community, commercial banks and organizations, statutory corporations, nongovernmental organizations and other interest groups. feedback has been very positive and queries and issues raised by people who are not in the area of the rbf have been taken up with the appropriate authorities. reforms our country is at the juncture where we need to direct all our energies to making the economy grow sustainably. to make the economy grow and grow sustainably, we need to reform. i mentioned earlier that a number of our traditional industries have been in decline for a number of years. there are a number of issues to deal with in terms of the public sector delivery of services. not only in the civil service but also in statutory bodies as well. this also holds true in the private sector. if you look closely at the reasons behind the poor performance of some of our industries and poor service deliveries in the public sector, you will find that the most common problems are linked to human resources and governance issues at institutional and at national level. i am therefore very pleased to see that the fiji human resources institute is addressing some of these key human resources issues during this conference. corporate governance and effective human resources management are two critical issues closely linked to the success or failure of any institution or country. with my experience in the rbf and also in my role as chairman and member on several boards, i have developed a good grasp and appreciation of human resources and governance challenges faced in fiji. these issues are interlinked and are complex in nature. every organization is trying to grapple and address human resources and corporate governance issues in their own way. sharing ideas and experiences

##tagion assessments, and systemic risk surveys to provide valuable insights into potential vulnerabilities that affect the financial sector. apart from inter - regulatory coordination, rbi also actively engages with the industry through regular engagements / interactions including conferences with the boards of supervised entities, periodic meetings with the mds & ceos, heads of assurance functions as well as interactions with auditors. having discussed the importance of domestic coordination, i would also like to emphasise the significance of global supervisory cooperation. historically, crises have acted as catalysts for bringing supervisors together to address shared challenges. for instance, the basel committee on banking supervision was formed in the aftermath of the herstatt bank failure, highlighting the necessity for a coordinated response to systemic risks. however, we should not wait for crises to play out before strengthening international collaboration. greater engagement for proactive horizon scanning of potential risks and vulnerabilities, along with discussions on strategies to mitigate and address these challenges, can enhance our collective resilience and crisis preparedness. indeed, as a part of our agenda for the next decade, rbi @ 100, the reserve bank intends to engage more with the central banks of the global south. the reserve bank also aims to establish a global model of risk - focused supervision by fostering a strong 2 / 3 bis - central bankers'speeches risk discovery and compliance culture, building a " through - the - cycle " risk assessment framework. reserve bank is working to create a comprehensive data analytics ecosystem to support its supervisory functions. with these thoughts in mind, i look forward to a rich and insightful panel discussion on how central banks can continue to enhance financial stability and build a resilient global financial system. thank you! 3 / 3 bis - central bankers'speeches