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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Asian Version of IMF Seen to Be Launched in Spring

    Lobo
    Lobo
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    Join date : 2013-01-12

     Asian Version of IMF Seen to Be Launched in Spring Empty Asian Version of IMF Seen to Be Launched in Spring

    Post by Lobo Mon 04 Jan 2016, 5:27 pm

    January 4, 2015

    Asian Version of IMF Seen to Be Launched in Spring

    An Asian version of the International Monetary Fund is expected to be launched as early as spring this year, with the task of keeping vigil for a possible currency crisis and other risks in the regional economy.

    The ASEAN+3 Macroeconomic Research Office, or AMRO, an independent body formed in April 2011 by the 10 member states of the Association of Southeast Asian Nations plus Japan, China and South Korea, will likely be converted into an official international organization.

    Japan, which has led AMRO, hopes that the upgraded institution will play a role similar to that performed by the IMF.

    AMRO was set up in April 2011 based on the lessons learned from the Asian financial crisis in the late 1990s. Economists dispatched from member countries conduct research and analyses on the economic and financial situations in Asia.

    In the event of a currency crisis, Singapore-based AMRO will issue recommendations for the 13 member nations to invoke their Chiang Mai initiative, which is designed to mutually supply hard currencies in a crisis situation.

    http://jen.jiji.com/jc/eng?g=eco&k=2016010200137

      Current date/time is Mon 27 May 2024, 11:03 pm