IMF to en­hance re­gional ar­range­ments

China Daily (Hong Kong) - - BUSINESS -

The In­ter­na­tional Mone­tary Fund is go­ing to en­hance its co­op­er­a­tion with re­gional fi­nanc­ing ar­range­ments in or­der to strengthen the Global Fi­nan­cial Safety Net and en­sure ef­fec­tive cri­sis mit­i­ga­tion. “As the GFSN ex­panded and be­came more multi-lay­ered, stronger col­lab­o­ra­tion be­tween its var­i­ous el­e­ments has be­come in­creas­ingly im­por­tant to en­sure timely and ef­fec­tive cri­sis mit­i­ga­tion,” said the IMF in a state­ment on Mon­day.

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