posted by admin on Jan 30
Hope for the increase in the IMF’s role in Asia by Minister for Finance of South Korea Yoon Jeung-Hyun, in Daejeon, although he pointed up to now the IMF has not fully put its role to ensure stability and supporting growth in Asia. However, he submitted his conviction on the IMF’s ability to prepare and strengthen the financial safety net in the world, although once again the IMF’s Spring Meeting in Washington DC in April, the International Monetary and Financial Committee has not been able to finalize the reform of quotas by 5%. The IMF promised to finalize the agenda just before January 2011. In fact, the Asia needs effective policies, including access to flexible credit (flexible credit line / FCL) for the supply of liquidity for the system in crisis and business.
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posted by admin on Jan 15
IMF has a negative image in developing countries. Chief Regional Economist of PT Bank BNI Tbk, bank business, Surabaya Ikhsan Modjo said that Asia and the IMF said the relationship began to crack in the post-crisis monetary late 1990s, as recommended by the multilateral credit agencies that rated the economy worsened. In addition to the negative image of the IMF’s intervention against the recipient country, he explained, it has been likened to the institution as a hospital, so if you’ve got the credit rating or index of investment confidence in the country could fall. Beyond that, countries in Asia already has other strategies to overcome shortages of foreign exchange reserves, the diversification of reserves, has entered into a currency conversion, as the Asean, China, Japan and South Korea, through the Chiang May Initiative.
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