eli m remolona : closing remarks - 2023 alliance for financial inclusion global policy forum closing remarks by mr eli m remolona, jr, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the 2023 alliance for financial inclusion global policy forum " stability, sustainability, and inclusivity for shared prosperity ", manila, 15 september 2023. * * * fellow members of the alliance for financial inclusion ( afi ), esteemed colleagues, special guests, ladies and gentlemen. good afternoon. we have come to the conclusion of the 2023 afi global policy forum. the active participation of the delegates and resource persons in this event has made our forum a roaring success. on behalf of the bangko sentral ng pilipinas, i thank you all for your contributions to our common goal of financial inclusion toward shared prosperity. over the last two days, we had the opportunity to exchange knowledge, insights, and experiences. we examined how the twin goals of financial inclusion and sustainable development are vital to stability. we recognized how the continued introduction of new technology, such as artificial intelligence, presents both opportunities and risks. and how we must prioritize responsible innovation. we have identified the hurdles to driving financial inclusion in a dynamic environment. we have also taken a closer look at the unique challenges in serving various sectors. this entails a nuanced approach to adequately serve displaced persons, women, the youth, and small enterprises. the insights we have gained from fellow regulators and partners in the academe, government, and industry will inform us on how to address these challenges. the initiatives and commitments shared in the last few days will help us sharpen our tools and strengthen our resolve in building a global financial ecosystem that is stable, sustainable, and inclusive. the afi research initiative that was presented this morning reminds us of the importance of evidence - based policymaking. the manila manifesto urges us to apply global regulatory standards without hindering financial inclusion. may the collective commitment serve as a powerful impetus for regulations that are responsive and relevant to our country contexts and shared goals. all these will build on our maya declaration commitments. ladies and gentlemen. we have come so far, and farther, we will go. let us work together to focus on building a more inclusive world where no one is left behind. once again, the bsp thanks afi for this opportunity to host this forum. thank you, afi. 1 / 2 bis -

30 / 09 / 2020 introductory panel statement | deutsche bundesbank introductory panel statement speech at the institute for monetary and financial stability “ ecb and its watchers xxi conference ” 30. 09. 2020 | frankfurt am main | jens weidmann 1 introduction 2 christian noyer 3 jordi gali 4 helmut siekmann 1 introduction chere christine, good morning ladies and gentlemen, i am delighted to moderate the ﬁrst debate today. dear volker, thank you very much for your invitation and for organising this conference as a hybrid event. in times like these, we are becoming more and more experienced in communicating virtually. nevertheless, there is always a lingering sense of uncertainty about whether the technical set - up will work properly. before our single monetary policy started, there may also have been doubts about whether the eurosystem could fulﬁl its mandate to maintain price stability. looking back now – on more than 21 years of monetary policy and also “ ecb watching ” – the eurosystem has delivered on the promise made to the people of europe to keep prices stable. this has been a truly remarkable success. one key element in this has been the clarity of the mandate itself. in late 1998, the ecb ’ s ﬁrst president, wim duisenberg, outlined the strategy for the single monetary policy in a speech. he started from his conviction that, by maintaining price stability, “ monetary policy makes the https : / / www. bundesbank. de / en / press / speeches / introductory - panel - statement - 846034 1 / 5 30 / 09 / 2020 introductory panel statement | deutsche bundesbank greatest possible contribution towards raising the standard of living of europe ’ s citizens and improving growth and employment prospects ”. [ 1 ] this fundamental tenet also inspired the european treaties, which enshrine price stability as our primary objective. so to answer the question raised in the title of our session : the mandate needs no modiﬁcation when viewed from this perspective. at any rate, the eurosystem takes its mandate as a given. and our actions will continue to be geared towards achieving our overriding objective of price stability. however, the treaties are silent on how to deﬁne or measure price stability. nor do they specify a reaction function for monetary policy or a hierarchy of instruments needed to ensure price stability. nor do they tell us how to communicate with the public. choices like these constitute the monetary policy strategy. given the profound changes