在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

   

Asian countries to pay $80b for foreign reserve swap

(Xinhua)
Updated: 2008-05-05 08:57

MADRID - Finance ministers from the Association of Southeast Asian Nations (ASEAN) as well as China, Japan and South Korea agreed Sunday on the minimum scale of a regional foreign reserve swap.

 Finance ministers from the Association of Southeast Asian Nations (ASEAN) as well as China, Japan and South Korea meet in Madrid on May 4, 2008.

Finance ministers from the Association of Southeast Asian Nations (ASEAN) as well as China, Japan and South Korea meet in Madrid on May 4, 2008. [Xinhua]

"We also agreed that the total size of the multilateralized CMI would be at least US$80 billion," finance chiefs from the 10-member ASEAN and three East Asian countries said in a joint statement after concluding a meeting under the framework called ASEAN+3 here on Sunday.

Of the total amount, Japan, China and South Korea would contribute 80 percent, while ASEAN countries pay the remaining, according to the statement.

"I am glad to inform that the 11th ASEAN+3 finance ministers' meeting has come to a successful conclusion," Vietnam's Finance Minister Vu Van Ninh, who co-chaired the meeting with his Japanese counterpart, said at a press conference.

CMI, or Qing Mai Initiative, is a regional financing arrangement agreed by the 13 countries in 2000 to swap foreign exchange reserves, mainly on bilateral basis, in order for use when necessary to fight against speculative attacks on their currencies.

It was aimed at preventing a recurrence of the 1997-1998 Asian financial crisis.

The multilateralized CMI is the next step, as has been mapped out at the last ASEAN+3 meeting of finance ministers in Japan's Kyoto last year, which would be moving from the previous bilateral system to a multilateral one. It would be a self-managed reserved pooling arrangement governed by a single contract.

After more than one year in the making, Ninh said the 13 finance ministers also agreed on key concepts of the borrowing accessibility, the activation mechanism and other elements.

"Based on the progress made thus far on some of the key elements of the multilateralism of the CMI, we are committed to further accelerate our work in order to reach consensus on all of the elements," the finance ministers said.

Japanese Finance Minister Fukushiro Nukaga said he expected the swap to be operational as early as 2009.

"Next year when ASEAN+3 finance ministers' meeting will be held, I am sure that good framework will be made and maybe it would become possible to be implemented," Nukaga said, adding great efforts are still needed.

As another part of the efforts to strengthen regional financial cooperation, ASEAN+3 finance ministers said it would be indispensable to build a credible system to monitor the economic and financial situation of the member countries.

As a start, they agreed to implement measures to strengthen the current economic review and policy dialogue, such as increasing the frequency of the dialogues and developing a standardized format for the provision of necessary information data.

"Such strengthened regional surveillance system will contribute to smooth and efficient decision making," the finance ministers said.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 超碰人人99| 日本中文字幕一区二区 | 一区二区精品 | 碰在线视频| 色婷婷一区二区 | 精品综合久久 | 日韩欧美一区二区三区视频 | 国产高清精品一区二区三区 | 国产精品毛片一区二区三区 | 久久久a| 成人久久久精品国产乱码一区二区 | 能免费看的av| 五月婷婷之激情 | 青青草视频在线免费观看 | 91久久精品久久国产性色也91 | aa级毛片毛片免费观看久 | 亚洲视频免费网站 | av观看免费 | 色综合天天综合网国产成人网 | 日韩中文字幕一区 | 一级一级一级一级毛片 | 成人影院在线 | a级在线免费观看 | 99精品九九| 欧洲精品 | 一级免费片 | 日本jizz在线观看 | 国产精品999 | 久久艹免费视频 | www.中文字幕在线 | 精品国产一区一区二区三亚瑟 | 中文字幕在线电影观看 | 在线无码 | 欧美日韩一区不卡 | 成人在线免费小视频 | 成人精品国产 | 天堂成人国产精品一区 | 人人澡超碰碰97碰碰碰 | 国产精品久久久久久久久久久久久久久久久 | 日韩一区二区视频在线观看 | 国产一区二区久久 |