IMF in Asia
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.
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