posted by admin on Feb 15
Participants from Spring meeting agree in Washington DC in April said that foreign exchange reserves and exchange rate policy for the handling and security needs seriously, so the role of institutions like the IMF can not be ignored, let alone export to be the main driver of economic growth in Asia. Governor of Central Bank of Korea (The Bank of Korea), Kim Choong soo Asia growth rate supported by export growth. However, he recognized the need for efforts to domestic growth by increasing consumption. “Some developing countries have the option to accumulate foreign reserves to face crisis. But are the costs so high that this is not the best choice. There is a global safety net is a good choice for all countries,” he explained.