Foreign Exchange Abundance

In the face of the current abundance of foreign exchange - as indeed of domestic financial and real resources - what is needed are patient measures calculated to lead to improvement of the pace of utilisation of resources rather than pressurising policy-makers to willy-nilly hasten their use wastefully. Even if it takes time, the proper remedy would be to improve the policy environment for infrastructure investment and to innovate management-ownership structures based on a variety of forms of public-private partnership.