久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

   

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: 深夜福利网址 | 91久久精品青青草原伊人 | 国产成人深夜福利短视频99 | 窝窝午夜看片七次郎青草视频 | 国产成人亚洲合集青青草原精品 | 99久久在线 | 亚洲美女视频在线观看 | 自拍偷在线精品自拍偷无码专区 | 久久国产高清 | 欧美性色黄大片www 欧美性色黄大片一级毛片视频 | 国产乱纶 | 精品国产中文一级毛片在线看 | 成人午夜久久精品 | 日本一区视频在线观看 | 一级毛片免费观看久 | 黄色片三级网站 | 一级毛片a免费播放王色 | 日本www色视频成人免费网站 | 亚洲品质自拍 | 日韩字幕 | 亚州一级毛片在线 | 18视频在线观看 | 成人免费观看www在线 | 99国产精品欧美久久久久久影院 | 国产亚洲区 | 亚洲成a v人片在线看片 | 337p粉嫩日本亚洲大胆艺术照 | 521av香蕉 | 精品欧美成人高清视频在线观看 | 国产成人小视频 | 成人免费午夜视频 | 色偷偷在线刺激免费视频 | 一级黄片毛片 | 日本一级毛片中文字幕 | 亚洲日韩精品欧美一区二区 | 韩国一级性生活片 | 特级一级全黄毛片免费 | selaoban在线视频免费精品 | 中文字幕成人免费高清在线 | 久久美女精品国产精品亚洲 | 台湾精品视频在线观看 |