Strauss-Kahn, Managing Director of IMF said about business and economic that the commitment to complete the reform of quota 5% for developing countries, although not easy to unify the views in board policy. Over-quota countries is reduced and balanced with other countries. Asia, he explained, need to anticipate the impact of movements in capital flows very fast, because the system of the country’s economy is already very open. To this he promised to ensure that will strengthen early warning systems. “We will work hard to make useful analysis of this institution for the region. We will strive to improve the effectiveness and control of policy advice provided by the IMF,” he said. Kahn will also ensure the strengthening of global security network so that it will cooperate more closely with countries in Asia.

The IMF is reviewing several options to strengthen mechanisms to prevent crises and mitigate the systemic impact. No half-hearted, he said it had set up the reform package [quotas] in 2008 and will improve again at the G-20 Summit in Seoul in November for the interests of developing countries of a total of 186 member countries. Until February 28, 2010, the valuation of IMF quotas was to reach U.S. $ 333 billion. At the same time, the IMF also has lending commitments worth U.S. $ 191 billion, while the amount of funds not yet disbursed reached U.S. $ 121 billion.

International Monetary Fund (IMF) had volunteered to enhance the role in the Asian economies and business. Does the IMF is still a bright future in this area? This week, for two days, July 12 until July 13, Asian leaders held a High Level Conference (Asia 21 Conference) entitled Asia: Leading the Way Forward, Reflecting Asia’s Economic Dynamism and Global Leadership Role In The 21st. As the host, the IMF and South Korea held the event in Daejeon, science and technology center that country. The meeting was to review the IMF’s role and relationships in Asia during the financial crisis in the 1990s, and the increasing role of the IMF in the future.

The desire to add the role of the IMF in Asia is very strong. In fact, in a speech on the first day of the Managing Director Dominique Strauss-Kahn reiterated the recognition of some mistakes that institutional policy during the Asian crisis in 1998. “We learned from past mistakes.” On how Asian crisis make all the countries affected economically. Their business will not good, they have small revenue. And especially the Asian crisis in 1998 really affected the developing countries. And most countries in Asia are developing countries.

“Singapore will be one among the countries with the fastest growth in economic and business not only in Asia but also in the world,” said Song Seng-Wun, regional economist at CIMB Research Pte in Singapore in Bloomberg news. The rate of economic growth has fueled the country relative to the local central bank to let Singapore dollar strengthened to cope with inflationary pressures. Singapore dollar is used as an instrument of monetary policy rather than interest. Singapore dollar raised 0.4% to S $ 1.3761 per dollar at 10:09 hour’s local time, thus encouraging the strengthening of 1.4% this quarter. Straits Times Index rose for a fifth day with a 0.7% surge. RBS Data Group Plc and the CMA to mention the value of Temasek Holdings Pte bond protection from credit-default swaps (CDS) fell 4 basis points to 43 basis points at 10:15 hours, the lowest since June 21.

Temasek is usually used as a proxy for credit risk of the Singapore government. Brian Jackson, emerging market strategist Royal Bank of Canada, assessing records indicate the recovery of Singapore’s economic growth in the region is still a great momentum in recent months. “We continue to expect gradual normalization of policy in this area until the remainder of the year, including strengthening the moderates in the Singapore dollar value,” he added.