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.