ASEAN+3 (the ASEAN members plus China, South Korea and Japan) was born from the ashes of the Asian financial crisis and the IMF’s response to it. It’s no secret that displeasure — if not hostility — to the policy prescriptions suggested by the Washington-based institution was a key driver behind ASEAN+3. When the global financial crisis spurred the development of the Chiang Mai Initiative Multilateralisation (CMIM) and the launch of the ASEAN+3 Macroeconomic Research Office (AMRO), it seemed that ASEAN+3 was finally setting up the structures to free itself from any future dependence on the IMF.
http://www.eastasiaforum.org/2016/05/09/a-strong-asean3-should-embrace-the-imf/
No comments:
Post a Comment